By Laura Lutz
Des Moines, July 26 - NaiKun Wind Energy Group Inc. announced and then revised a private placement of shares, which is now expected to raise C$35.155 million.
The company plans to sell 7.506 million non flow-through shares at C$3.35 each and 2.6 million flow-through shares at C$3.85 each.
Cormark Securities Inc. is the lead agent with Canaccord Adams and Northern Securities Inc. as co-agents.
Cormark has a greenshoe for up to 1.5 million non flow-through shares
The deal originally priced Thursday morning as a C$35.155 million offering of 9 million non flow-through shares and 1.3 million flow-through shares with no greenshoe. The terms were amended later in the day.
Proceeds will be used for NaiKun Wind Generating Inc., a jointly owned subsidiary of NaiKun Wind Energy and Enmax Corp.
NaiKun is a wind energy company based in Vancouver, B.C.
| Issuer: | NaiKun Wind Energy Group Inc.
|
| Issue: | Non flow-through shares; flow-through shares
|
| Amount: | C$35.155 million
|
| Agents: | Cormark Securities Inc. (lead), Canaccord Adams, Northern Securities Inc.
|
| Pricing date: | July 26
|
| Stock symbol: | TSX Venture: NKW
|
| Stock price: | C$3.80 at close July 25
|
| Stock price: | C$3.50 at close July 26
|
|
|
| Non flow-through shares
|
| Shares: | 7.506 million
|
| Greenshoe: | For up to 1.5 million non flow-through shares
|
| Price: | C$3.35
|
| Warrants: | No
|
|
|
| Flow-through shares
|
| Shares: | 2.6 million
|
| Price: | C$3.85
|
| Warrants: | No
|
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