Re: Portee would be pumped !! - Not so much today probably!
in response to
by
posted on
Jun 05, 2015 09:51AM
Crius Energy Trust (TSX:KWH.UN) (the "Trust" or "KWH") has today entered into an agreement with Cormark Securities Inc. ("Cormark"), on behalf of a syndicate of underwriters co-led by Cormark, Scotiabank and RBC Capital Markets (collectively, the "Underwriters") pursuant to which the Underwriters have agreed to buy and sell to the public 4,500,000 units ("Units") of the Trust at a price of C$6.80 per Unit, for gross proceeds to the Trust of C$30,600,000 (the "Offering"). The Underwriters will also have the option, exercisable in whole or in part at any time up to 30 days after the closing of the Offering, to purchase up to an additional 675,000 Units of the Trust. If the option is exercised in its entirety, the aggregate gross proceeds of the Offering will be C$35,190,000. Closing of the Offering is expected to occur on or about July 2, 2015 and is subject to regulatory approval including that of the Toronto Stock Exchange.
$6.80 - Are you kidding me??? I guess they really did want the money. I hope they sell them one helluva a lot higher than they bought them.