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Pacific & Western Bank of Canada Announces Closing of Over-Allotment Option
Not for distribution to U.S. news wire services or dissemination in the U.S. LONDON, O...
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[{"type":"text","content":"\n\n\nNot for distribution to U.S. news wire services or dissemination in the\n U.S.\n\n\nLONDON, ON, Sept. 17, 2013 /CNW/ - Pacific & Western Bank of Canada (the\n \"Bank\") (TSX:PWB) is pleased to announce that the syndicate of agents led by\n RBC Dominion Securities Inc. and including PI Financial Corp., Dundee\n Securities Ltd., Industrial Alliance Securities Inc. and MGI Securities\n Inc. (collectively, the \"Agents\") have purchased an additional 225,000 common shares (\"Common Shares\") of the Bank at a price of $7.25 per Common Share, pursuant to the\n full exercise of the over-allotment option granted to the Agents in\n connection with the initial public offering of Common Shares, which\n closed on August 27, 2013.\n\n\nThe Bank will receive aggregate gross proceeds of $1,631,250 from the\n sale of these additional Common Shares. The Common Shares are listed\n for trading on the Toronto Stock Exchange under the symbol \"PWB\".\n\n\nThe Bank, a Canadian Schedule I chartered bank, raises deposits through\n various deposit brokers located across Canada and invests these\n deposits in loans, leases, commercial mortgages, residential\n development mortgages and debt of corporations.\n\n\nNo securities regulatory authority has either approved or disapproved of\n the contents of this news release.  The securities described above have\n not been registered under the United States Securities Act of 1933, as\n amended, and may not be offered or sold in the United States absent\n registration or an applicable exemption from the registration\n requirements.  This news release does not constitute an offer to sell\n or the solicitation of an offer to buy, nor shall there be any sale of\n the securities in any state in which such offer, solicitation or sale\n would be unlawful.\n\nSOURCE Pacific & Western Bank of Canada\n\n Investor Relations: Wade MacBain, Director, (800) 244-1509, [email protected] Public Relations & Media: Tel Matrundola, Vice-President, (416) 203-0882, [email protected] Visit our website at: http://www.pwbank.com Copyright CNW Group 2013","length":2968,"tagName":"div"}]