Offering completed along with C$65.03 million initial public offering
By Devika Patel
Knoxville, Tenn., July 14 - Legumex Walker Inc. said it completed a C$5 million private placement of stock. The deal settled alongside the company's C$65.03 million initial public offering.
In the placement, the company sold 555,556 common shares at C$9.00 each. The price per share represents a 2.27% premium to the July 13 closing share price, C$8.80.
The IPO was completed through a syndicate of underwriters led by Cormark Securities Inc. and including CIBC World Markets Inc., Macquarie Capital Markets Canada Ltd., Scotia Capital Inc. and HSBC Securities (Canada) Inc. There is a C$9.75 million greenshoe for the public sale.
Proceeds will be used for construction of a canola oilseed processing facility, debt repayment, the cash portion of the purchase price payable to the shareholders of Roy Legumex Group of companies and Walker Seeds Ltd. and for general corporate purposes.
Legumex is a Winnipeg, Man., processor and merchandiser of pulses, other special crops and canola products.
| Issuer: | Legumex Walker Inc.
|
| Issue: | Common shares
|
| Amount: | C$5 million
|
| Shares: | 555,556
|
| Price: | C$9.00
|
| Warrants: | No
|
| Settlement date: | July 14
|
| Stock symbol: | Toronto: LWP
|
| Stock price: | C$8.80 at close July 13
|
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