Business
Sprott Resource Corp. Announces Closing of Secondary Offering of Common Shares in Stonegate Agricom Ltd.
Mar. 9, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR ...
About this update from Winchester Equity Corporation
[{"type":"text","content":"\n\n\n Mar. 9, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE\n UNITED STATES/\n\n\nTORONTO, March 9 /CNW/ - (TSX: SCP) - Sprott Resource Corp. ("SRC") today announced the closing of the\n previously announced secondary offering of 25,000,000 common shares of\n Stonegate Agricom Ltd. ("Stonegate Agricom") by SRC at a price of $1.75\n per common share for aggregate gross proceeds of $43,750,000.\n\n\nThe offering was completed by a syndicate of underwriters led by GMP\n Securities L.P., and including BMO Capital Markets Inc., Scotia Capital\n Inc., Canaccord Genuity Corp., Cormark Securities Inc., Mackie Research\n Capital Corporation, National Bank Financial Inc., Stonecap Securities\n Inc., Northern Securities Inc. and Octagon Capital Corporation. The\n underwriters continue to have an over-allotment option, exercisable for\n a period of 30 days from the closing of the offering, to purchase up to\n an additional 3,750,000 common shares of Stonegate Agricom from SRC at\n a price of $1.75 per common share. SRC currently holds 50,662,000\n common shares of Stonegate Agricom, representing an approximate 36%\n interest in Stonegate Agricom on an undiluted basis.\n\n\nThis press release does not constitute an offer to sell or an offer to\n buy any securities of Stonegate Agricom in any jurisdiction in which\n such offer, solicitation or sale would be unlawful. These securities\n have not be...