Business
Sprott Resource Corp. Announces Exercise of Over-Allotment Option in Connection with Secondary Offering of Stonegate Agricom Ltd.
Apr. 6, 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 Apr. 6, 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, April 6 /CNW/ - (TSX: SCP) - Sprott Resource Corp. ("SRC") today announced that the underwriters\n of the $43,750,000 secondary offering of common shares of Stonegate\n Agricom Ltd. ("Stonegate Agricom") have exercised their over-allotment\n option in full, resulting in the sale by SRC of an additional 3,750,000\n common shares at a price of $1.75 per share for additional aggregate\n gross proceeds to SRC of $6,562,500.\n\n\nSRC currently holds 46,912,000 common shares of Stonegate Agricom,\n representing an approximate 33% interest in Stonegate Agricom on an\n undiluted basis (approximately 28% on a fully-diluted basis).\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.\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 been and will not be registered under the United States\n Securities Act of 1933, as amended (t...