Rand Logistics plans to price public sale of 2,975,000 common shares

Offering also has an over-allotment option, funds corporate purposes

By Devika Patel

Knoxville, Tenn., Sept. 13 - Rand Logistics Inc. will price an underwritten public offering of 2,975,000 common shares, according to a prospectus supplement filed Tuesday with the Securities and Exchange Commission. The deal also has a 30-day greenshoe.

BB&T Capital Markets is the underwriter.

Proceeds will be used for general corporate purposes.

Based in New York, Rand provides bulk freight shipping services in the United States and Canada.

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