The Conversation (0)
The previously announced Allana Potash Corp (TSX:AAA) public offering of common shares in all provinces of Canada other than Québec has now closed. Pursuant to the terms of the Offering, the Company has issued 25,000,000 Common Shares at a price of $0.80 per share, for aggregate gross proceeds of $20,000,000.
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
The previously announced Allana Potash Corp (TSX:AAA) public offering of common shares in all provinces of Canada other than Québec has now closed. Pursuant to the terms of the Offering, the Company has issued 25,000,000 Common Shares at a price of $0.80 per share, for aggregate gross proceeds of $20,000,000.
As quoted in the press release:
The Common Shares were sold pursuant to an underwriting agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including National Bank Financial Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., and Fraser Mackenzie Limited (collectively, the “Underwriters”).
The Offering has been made in all provinces of Canada other than Québec, and is subject to the approval of regulatory authorities. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Click here to read the Allana Potash Corp (TSX:AAA) press release
Click here to see the Allana Potash Corp (TSX:AAA) profile.