22:24:00 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Park Lawn Corp
Symbol PLC
Shares Issued 4,797,560
Close 2014-07-30 C$ 9.50
Market Cap C$ 45,576,820
Recent Sedar Documents

Park Lawn increases bought deal to $6.5-million

2014-07-31 12:59 ET - News Release

Mr. Andrew Clark reports

PARK LAWN CORPORATION ANNOUNCES INCREASE OF PREVIOUSLY ANNOUNCED BOUGHT DEAL OFFERING OF COMMON SHARES TO $6.5 MILLION

Park Lawn Corp., in connection with its previously announced short-from prospectus offering, has entered into an amendment agreement with Mackie Research Capital Corp. and GMP Securities LP to upsize the offering from $5,006,500 to $6,507,500. The underwriters have now agreed to purchase, on a bought-deal basis, 685,000 common shares of the company at a price of $9.50 per common share, for gross proceeds to the company of $6,507,500.

The underwriters shall also have the option, exercisable at any time up to 30 days following closing, in whole or in part, to purchase from the company up to an additional 15 per cent of the common shares sold pursuant to the offering, to cover overallotments and for market stabilization purposes.

The common shares will be offered by way of a short-form prospectus to be filed in such provinces of Canada as the underwriters shall designate, pursuant to National Instrument 44-101 -- Short Form Prospectus Distributions, and may be offered in the United States on a private-placement basis pursuant to an appropriate exemption from the registration requirements of the United States Securities Act of 1933, as amended.

The net proceeds from the offering are expected to be used to finance the completion of the mausoleum addition at the Westminster Cemetery, Mausoleum & Cremation Centre, for future acquisitions and for general business purposes.

The offering is expected to close on or about Aug. 21, 2014, and is subject to the company receiving all necessary regulatory approvals.

We seek Safe Harbor.

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