By Devika Patel
Knoxville, Tenn., May 12 - ISG Capital Corp. announced it intends to raise C$2.1 million in a private placement of stock.
The company will sell 4.2 million common shares at C$0.50 per share.
Canaccord Capital Corp. is the agent.
Proceeds will be used to fund the cash portion of the company's planned purchase of a distribution facility in Ingersoll, Ont.
Based in Toronto, ISG is a capital pool company.
| Issuer: | ISG Capital Corp.
|
| Issue: | Common shares
|
| Amount: | C$2.1 million
|
| Shares: | 4.2 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Agent: | Canaccord Capital Corp.
|
| Pricing date: | May 12
|
| Stock symbol: | TSX Venture: SUS.P
|
| Stock price: | C$0.55 at close May 9
|
© 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.
