Offering sells 3,934,647 shares at C$0.85 per share, a 5.56% discount
By Devika Patel
Knoxville, Tenn., Jan. 17 - Caldwell Partners International Inc. said it took in C$3.35 million through a private placement of stock. The deal priced for about C$3.4 million Dec. 23.
The company sold 3,934,647 common shares at C$0.85 each. The price per share is a 5.56% discount to C$0.90, the Dec. 20 closing share price. The purchase price was determined by the 10 trading day weighted-average trading price of the shares for the 10 trading days prior to Dec. 2, the company said in a press release at pricing.
Proceeds will be used to make investments in growing the business.
The executive search consulting company is based in Toronto.
| Issuer: | Caldwell Partners International Inc.
|
| Issue: | Common stock
|
| Amount: | C$3,344,450
|
| Shares: | 3,934,647
|
| Price: | C$0.85
|
| Warrants: | No
|
| Pricing date: | Dec. 23
|
| Settlement date: | Jan. 17
|
| Stock symbol: | Toronto: CWL
|
| Stock price: | C$0.90 at close Dec. 20
|
| Market capitalization: | C$16.04 million
|
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