Formation Metals Prices up to $80 Million Equity Offering
Investing News Network - March 3rd, 2011
Formation Metals Inc. (TSE:FCO) reports an equity offering of up to $80 million.
Formation Metals Inc. (TSX:FCO) reports an equity offering of up to $80 million.
The press release is quoted as saying:
The Agents have been granted an option, exercisable at any time until 30 days following the closing of the Offering, to purchase additional Units equal to 15% of the number of Units sold pursuant to the Offering at the issue price of the Units, to cover over-allotments, if any and for market stabilization purposes.