By Devika Patel
Knoxville, Tenn., July 30 - Northstar Healthcare Inc. said it plans a C$5 million non-brokered private placement of stock.
The company will sell 14.6 million common shares at approximately C$0.343 per share to Canada Healthcare Acquisition Inc.
Settlement is expected Aug. 31.
Proceeds will be used for working capital and for general corporate purposes.
Based in Houston and Toronto, Northstar owns and manages ambulatory surgery centers.
| Issuer: | Northstar Healthcare Inc.
|
| Issue: | Common stock
|
| Amount: | C$5 million
|
| Shares: | 14.6 million
|
| Price: | C$0.343 (approximate)
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Canada Healthcare Acquisition Inc.
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 31
|
| Stock symbol: | Toronto: NHC
|
| Stock price: | C$0.375 at close July 29
|
| Market capitalization: | C$5.28 million
|
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