New Issue: Vitran orchestrates $22.94 million private placement of common shares

By Devika Patel

Knoxville, Tenn., Sept. 18 - Vitran Corp. Inc. arranged a $22.94 million private placement of stock on Sept. 17, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company will sell 2,698,282 common shares at $8.50 apiece.

Settlement is expected Sept. 21.

Vitran, based in Toronto, is a provider of freight surface transportation and related logistics services.

Issuer:	Vitran Corp. Inc.
Issue:	Common shares
Amount:	$22,935,397
Shares:	2,698,282
Price:	$8.50
Warrants:	No
Pricing date:	Sept. 17
Settlement date:	Sept. 21
Stock symbol:	Nasdaq: VTNC
Stock price:	$10.16 at close Sept. 17

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