Published on 4/27/2006 in the Prospect News PIPE Daily.
New Issue: Empire Iron plans private placement for C$6.08 million
By Sheri Kasprzak
New York, April 27 - Empire Iron Works Ltd. intends to raise up to C$6,075,000 in a private placement as part of its acquisition by Ryjencap Inc.
The non-brokered offering includes up to 13.5 million shares at C$0.45 each
Based in Winnipeg, Man., Empire manufactures structural steel, specialty metals and plate works. Ryjencap, based in Surrey, B.C., is a capital pool company.
Issuer: | Empire Iron Works Ltd.
|
Issue: | Stock
|
Amount: | C$6,075,000 (maximum)
|
Shares: | 13.5 million (maximum)
|
Price: | C$0.45
|
Warrants: | No
|
Announcement date: | April 27
|
Stock symbol: | TSX Venture: RYJ (for Ryjencap)
|
Stock price: | C$0.125 at close April 26 (for Ryjencap)
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.