Business
Input Capital Corp. Completes an Aggregate C$37,509,900.80 Public Offering and Private Placement
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Ssc Security Services Corp.
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY\n CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n\n\nREGINA, Oct. 4, 2013 /CNW/ - Input Capital Corp. (\"Input\") (TSX Venture Exchange: INP), is pleased to announce the closing today\n of its previously announced bought deal public offering (the \"Public Offering\") of Class A common voting shares of Input (\"Common Shares\") and its previously announced private placement (the \"Private Placement\") of Common Shares with two wholly-owned subsidiaries of Catlin Group\n Limited (the \"Strategic Investors\").  The aggregate gross proceeds of the Public Offering and the Private\n Placement are C$37,509,900.80.\n\n\nPublic Offering\n\n\nThe Public Offering was conducted by a syndicate of underwriters led by\n GMP Securities L.P. and including Beacon Securities Limited, National\n Bank Financial Inc., Acumen Capital Financial Partners Limited,\n AltaCorp Capital Inc. and Cormark Securities Inc. (the \"Underwriters\") who purchased, on a bought deal basis, an aggregate of 11,644,055\n Common Shares at a price of C$1.60 per Common Share for gross proceeds\n of C$18,630,488. The Underwriters also have an over-allotment option,\n exercisable in whole or in part at any time and from time to time for\n 30 days after the closing of the Public Offering, to purchase up to an additional 1,746,608 Common Shares to cover\n over-allotments, if any, and for market stabilization purposes. In the\n event that the over-allotment option is exercised in its entirety, the\n aggregate gross proceeds of the Public Offering will be approximately\n C$21,425,060.80.\n\n\nPrivate Placement\n\n\nThe Strategic Investors purchased 11,799,633 Common Shares at a price of C$1.60 per Common Share for aggregate gross proceeds of C$18,879,412.80 under\n the Private Placement.\n\n\nThe Strategic Investors may purchase additional Common Shares under the\n Private Placement if the over-allotment option under the Public\n Offering is exercised by the Underwriters in order to maintain\n ownership of approximately 19.99% of the issued and outstanding Common\n Shares.\n\n\nIf the over-allotment option is exercised in full by the Underwriters\n pursuant to the Public Offering and as a result the Strategic Investors\n exercis...