By Sheri Kasprzak
Atlanta, March 3 - Homburg Invest Inc. said it has closed a private placement of stock for C$7,499,998.
The company sold 2,659,574 shares at C$2.82 each to a group of private investment accounts.
AIG Private Bank Ltd. was the underwriter.
Based in Halifax, N.S., Homburg owns real estate including office, retail, warehouse and residential apartment and townhouse properties. The proceeds will be used to finance future capital acquisitions. The remainder will be used for working capital.
| Issuer: | Homburg Invest Inc.
|
| Issue: | Stock
|
| Amount: | C$7,499,998
|
| Shares: | 2,659,574
|
| Price: | C$2.82
|
| Warrants: | No
|
| Underwriter: | AIG Private Bank Ltd.
|
| Settlement date: | March 3
|
| Stock price: | C$3.00 at close March 3
|
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