IHS Chemical Week

People & Business :: Earnings/Finance

Canexus announces $100-million offering

1:54 PM MDT | May 14, 2013 | Rebecca Coons

Canexus says it has entered into a "bought deal" financing agreement with a syndicate of underwriters, led by CIBC, Scotiabank, and National Bank Financial Inc., under which the underwriters have agreed to purchase from Canexus and sell to the public 11,840,000 common shares of Canexus at a purchase price of $8.45/share, for gross proceeds of $100,048,000. Canexus has also granted the underwriters an overallotment option  to purchase up to a further 1,776,000 common shares at the offering price, solely to cover their overallocation...

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