By Sheri Kasprzak
Atlanta, May 19 - Medisys Health Group Income Fund said it plans to raise C$6,056,250 in a private placement of fund units with another C$4,972,500 raised in a secondary offering.
The company is selling 475,000 fund units at C$12.75 each.
Separately, a total of 390,000 fund units are being sold in a secondary offering conducted by the company's chief executive officer and majority security holder Sheldon Elman at C$12.75 each. The latter is being conducted for estate planning purposes.
Clarus Securities Inc. is the placement agent in the transaction, which is expected to close June 3.
Based in Montreal, Medisys provides healthcare services to insurance companies. The proceeds from the treasury offering will be used for the acquisitions of two medical imaging clinics in Toronto and for general corporate purposes.
Treasury offering
| Issuer: | Medisys Health Group Income Fund
|
| Issue: | Fund units
|
| Amount: | C$6,056,250
|
| Fund units: | 475,000
|
| Price: | C$12.75
|
| Warrants: | No
|
| Placement agent: | Clarus Securities Inc.
|
| Pricing date: | May 19
|
| Settlement date: | June 3
|
| Stock price: | C$13.00 at close May 19
|
|
|
| Secondary offering
|
| Issuer: | Medisys Health Group Income Fund
|
| Issue: | Fund units
|
| Amount: | C$4,972,500
|
| Fund units: | 390,000
|
| Price: | C$12.75
|
| Warrants: | No
|
| Placement agent: | Clarus Securities Inc.
|
| Pricing date: | May 19
|
| Stock price: | C$13.00 at close May 19
|
|
|
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