Business
Strategic Investors agree to purchase additional Common Shares to maintain 19.99% ownership
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
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./\n\n\nREGINA, Sept. 17, 2013 /CNW/ - Input Capital Corp. (\"Input\" or the\n \"Company\") (TSX Venture Exchange: INP) announced today that in\n connection with the previously announced amendment to the bought deal\n public offering (the \"Public Offering\") of Class A common voting shares\n of Input (\"Common Shares\"), two wholly-owned subsidiaries of Catlin\n Group Limited (the \"Strategic Investors\") have exercised their right\n under the investment agreement with Input dated September 16, 2013 (the\n \"Investment Agreement\") to increase the number of Common Shares to be\n purchased by the Strategic Investors (the \"Private Placement\") by\n 918,383 Common Shares. The Strategic Investors will now purchase an\n aggregate of 11,799,633 Common Shares under the Private Placement at a\n price of C$1.60 per Common Share for an aggregate purchase price of\n C$18,879,412.80, subject to the terms and conditions of the Investment\n Agreement. The additional Common Shares will allow the Strategic\n Investors to maintain an equity stake of approximately 19.99% of the\n issued and outstanding Common Shares at the closing of the Public\n Offering. The Strategic Investors may purchase additional Common Shares\n under the Private Placement if the over-allotment option under the\n Public Offering is exercised by the underwriters in order to maintain a\n 19.99% equity stake.\n\n\nThe aggregate gross proceeds of the Public Offering and the Private\n Placement will be C$37,509,900.80.  If the over-allotment option is\n exercised in full by the underwriters pursuant to the Public Offering\n and as a result the Strategic Investors exercise the option to purchase\n additional Common Shares under the Private Placement, the aggregate\n gross proceeds of the Public Offering and the Private Placement will be\n C$41,002,779.20.\n\n\nANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US.\n SECURITIES ACT OF 1933 (THE \"1933 ACT\") AND MAY NOT BE OFFERED OR SOLD\n IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH\n REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE\n 1933 ACT. This press release shall not constitute an offer to sell or\n the solicitation of an offer to buy nor shall there be any sale o...