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TriNorth nixes plans for C$30 million subscription receipts placement
Company fails to raise minimum amount by approval date of Aug. 3
By Devika Patel
Knoxville, Tenn., Aug. 4 - TriNorth Capital Inc. said it will not complete its private placement of subscription receipts, as it has not raised the minimum amount by the conditional approval date of Aug. 3. The deal priced for between C$20 million and C$30 million on June 3.
TriNorth is a Toronto investment company.
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