The Fiera Capital QSSP II Investment and Cote 100 were among investors
By Devika Patel
Knoxville, Tenn., April 4 - Neptune Technologies & Bioressources Inc. said it completed a C$2.5 million private placement of stock.
The company sold 907,000 common shares at C$2.76 per share. The price per share is a 9.96% premium to the April 3 closing share price of C$2.51.
Investors included the Fiera Capital QSSP II Investment Fund Inc., which invested C$2 million, and Cote 100 Inc., which invested C$502,320.
Proceeds will be used for general corporate and working capital purposes.
Euro Pacific Canada Inc. was paid a 6% commission.
Based in Laval, Quebec, Neptune Technologies develops nutritional products from marine biomasses.
| Issuer: | Neptune Technologies & Bioressources Inc.
|
| Issue: | Common shares
|
| Amount: | C$2,503,320
|
| Shares: | 907,000
|
| Price: | C$2.76
|
| Warrants: | No
|
| Investors: | The Fiera Capital QSSP II Investment Fund Inc. (for C$2,001,000) and Cote 100 Inc. (for C$502,320)
|
| Settlement date: | April 4
|
| Stock symbol: | Toronto: NTB
|
| Stock price: | C$2.51 at close April 3
|
| Market capitalization: | C$179.58 million
|
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