Business
Taiga Building Products Ltd. announces Rights Offering closing
BURNABY, BC, March 27 /CNW/ - Taiga Building Products Ltd. (TSX: TBL), ("Taiga" or the "Corporati...
About this update from Taiga Building Products Ltd.
[{"type":"text","content":"\n\n\n\nBURNABY, BC, March 27 /CNW/ - Taiga Building Products Ltd. (TSX: TBL),\n("Taiga" or the "Corporation") today announced its Rights Offering, which\nexpired at 5:00 p.m. (Toronto time) on March 26, 2009, received little\ninvestor support, as expected, and as a result, nominal proceeds were derived\nfrom the Rights Offering.\n\n\nAs previously reported in its news release dated March 23, 2009, the\nCorporation is actively reviewing options and working with its financial\nadvisors to develop and review potential strategic alternatives to address its\nleveraged capital structure.\n\n\nForward-Looking Statements:\n\n\nThis press release contains certain forward-looking information and\nstatements relating, but not limited, to future events or performance and\nstrategies and expectations of Taiga. Forward-looking information typically\ncontains statements with words such as "consider", "anticipate", "believe",\n"expect", "plan", "intend", "likely", "may", "will", "should", "predict",\n"potential", "continue" or similar words suggesting future outcomes or\nstatements regarding expectations, beliefs, plans, objectives, assumptions,\nintentions or statements about future events or performance. Readers should be\naware that these statements are subject to known and unknown risks,\nuncertainties and other factors that could cause actual results to differ\nmaterially from those suggested by the forward-looking statements.\n\n\nThese forward-looking statements reflect management's current\nexpectations or beliefs and are based on information currently available to\nTaiga and although Taiga believes it has a reasonable basis for making the\nforward-looking statements included in this document, readers are cautioned\nnot to place undue reliance on such forward-looking information. By its\nnature, the forward-looking information of Taiga involves numerous assumptions\nand inherent risks and uncertainties, both general and specific, that\ncontribute to the possibility that the predictions, forecasts and other\nforward-looking statements will not occur. These factors include, but are not\nlimited to, changes in business strategies; the effects of litigation,\ncompetition and pricing pressures...