New Issue: Walton Edgemont sells C$25.77 million 8% three-year convertibles at par

By Devika Patel

Knoxville, Tenn., July 18 - Walton Edgemont Development Corp. said it settled its C$25.77 million initial public offering of units.

The company sold 2,577,200 units at C$10.00 per unit, with each unit consisting of a C$7.50 8% unsecured, subordinated convertible extendible debenture and one class B non-voting common share.

The syndicate of agents included co-lead agents CIBC and BMO Capital Markets and Scotia Capital Inc., GMP Securities LP, Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Laurentian Bank Securities Inc., Macquarie Capital Markets Canada Ltd., Raymond James Ltd., Desjardins Securities Inc., Burgeonvest Bick Securities Ltd. and Mackie Research Capital Corp.

Proceeds will be used to purchase interests in the "Edgemont" properties in Edmonton, Alta.

Walton is a real estate development company based in Calgary, Alta.

Issuer:	Walton Edgemont Development Corp.
Issue:	Units of a C$7.50 8% unsecured subordinated convertible extendible debenture and one class B non-voting common share
Amount:	C$25,772,000
Units:	2,577,200
Maturity:	Three years
Coupon:	8%
Price:	Par of C$10.00
Yield:	8%
Warrants:	No
Agents:	CIBC and BMO Capital Markets (co-leads), Scotia Capital Inc., GMP Securities LP, Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Laurentian Bank Securities Inc., Macquarie Capital Markets Canada Ltd., Raymond James Ltd., Desjardins Securities Inc., Burgeonvest Bick Securities Ltd. and Mackie Research Capital Corp.
Settlement date:	July 18

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