By Sheri Kasprzak
Atlanta, Feb. 25 - Amalgamated Income LP said it will head to the private placement market with a non-brokered offering for up to C$1.36 million.
The deal includes up to 1.7 million units at C$0.80 each. The units are comprised of one limited partnership unit and one half limited partnership unit warrant.
The whole warrants provide for an additional limited partnership unit at C$0.875 each for one year.
The offering is expected to close March 18.
Based in Victoria, B.C., Amalgamated consolidates mutual fund limited partnership units into one listed vehicle. The proceeds from the deal will be used for the investment or acquisition of income generating securities, assets or businesses.
| Issuer: | Amalgamated Income LP
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| Issue: | Units of one limited partnership unit and one half limited partnership unit warrant
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| Amount: | C$1.36 million (maximum)
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| Units: | 1.7 million (maximum)
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| Price: | C$0.80
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| Warrants: | One half limited partnership unit warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.875
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| Pricing date: | Feb. 24
|
| Settlement date: | March 18
|
| Stock price: | C$0.88 at close Feb. 24
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