Business
Input Capital Corp. Completes C$40,250,000.00 Offering
/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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/\n\n\n\nREGINA, July 9, 2014 /CNW/ - Input Capital Corp. (\"Input\") (TSX Venture Exchange: INP), is pleased to announce the closing today of its previously announced bought deal offering (the \"Offering\") of Class A common voting shares of Input (\"Common Shares\").  The gross proceeds of the Offering are C$40,250,000.00.  \n\nOffering\n\nThe Offering was conducted by a syndicate of underwriters led by GMP Securities L.P. and including Paradigm Capital Inc., Beacon Securities Limited, Acumen Capital Financial Partners Limited, AltaCorp Capital Inc., Canaccord Genuity Corp., Cormark Securities Inc. and National Bank Financial Inc. (the \"Underwriters\") who purchased, on a bought deal basis, 17,500,000 Common Shares at a price of C$2.30 per Common Share for gross proceeds of C$40,250,000.00. The Underwriters also have an over-allotment option, exercisable in whole or in part at any time and from time to time for 30 days after the closing of the Offering, to purchase up to an additional 2,625,000 Common Shares to cover over-allotments, if any, and for market stabilization purposes. In the event that the over-allotment option is exercised in its entirety, the gross proceeds of the Offering will be C$46,287,500.00.\n\nUse of Proceeds\n\nInput intends to use the net proceeds from the Offering for the purpose of entering into canola streaming contracts and for working capital and general corporate purposes.  \n\nFive insiders participated in the Offering, thereby making the Offering a \"related party transaction\" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The participation was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any Common Shares issued to or the consideration paid by such insiders exceeded 25% of Input's market capitalization. \n\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.\n\nANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE U.S. SECURIT...