Deal has C$3.75 million greenshoe; National Bank is lead underwriter
By Devika Patel
Knoxville, Tenn., Sept. 6 – Mason Graphite Inc. said it arranged a C$25.03 million private placement of stock with a C$3.75 million greenshoe.
The company will sell 22.75 million common shares at C$1.10 per share on a bought-deal basis. The price per share is a 6.78% discount to the Sept. 4 closing share price of C$1.18.
The deal will be conducted by a syndicate of underwriters led by National Bank Financial Inc.
Settlement is expected Sept. 27.
Proceeds will be used for development, investments and general corporate purposes.
The graphite explorer is based in Montreal.
| Issuer: | Mason Graphite Inc.
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| Issue: | Common shares
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| Amount: | C$25,025,000
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| Greenshoe: | C$3,753,750, or 3,412,500 shares
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| Shares: | 22.75 million
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| Price: | C$1.10
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| Warrants: | No
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| Underwriter: | National Bank Financial Inc. (lead)
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| Pricing date: | Sept. 6
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| Settlement date: | Sept. 27
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| Stock symbol: | TSX Venture: LLG
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| Stock price: | C$1.18 at close Sept. 2
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| Market capitalization: | C$102.17 million
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