Arctic Glacier Completes Equity Offering.WINNIPEG, Manitoba -- Unit Offering of $50 million Arctic Glacier Arctic Glacier is a manufacturer of packaged ice in Winnipeg, Manitoba, Canada. The company was founded in 1996 and has rapidly grown to become the largest producer of ice for the Canadian market and one of the largest for the American market. Income Fund (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AG.UN) announced today the closing of an offering of 4,450,000 trust units at a price of $11.25 per unit, for gross proceeds of $50,062,000.The trust units were offered to the public on a bought deal basis through a syndicate of underwriters led by TD Securities Inc. and Wellington West Capital Inc., and including BMO Nesbitt Burns  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Inc. and Scotia Capital Inc. In addition, the syndicate has the option, exercisable in whole or in part at any time prior to 30 days after closing, to purchase up to an additional 445,000 trust units which, if exercised, would increase the gross proceeds of the offering to $55,068,750. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering will be used to finance potential strategic acquisitions, including the September 16, 2005 acquisition of the assets of the ice division of Hometown Inc. of Milwaukee, Wisconsin, and capital projects and for general corporate purposes.Until so required, the proceeds will be used to temporarily reduce indebtedness of the Fund. The offered securities will not be registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the Securities Act. Arctic Glacier Income Fund, through its operating company operating company A business that engages in transactions with outsiders. , Arctic Glacier Inc., is a leading producer, marketer and distributor of high-quality packaged ice in North America under the brand name of Arctic Glacier(R) Premium Ice.Arctic Glacier operates 26 production plants and 41 distribution facilities across Canada and the central and northeastern United States servicing more than 53,000 retail accounts. Arctic Glacier Income Fund trust units are listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the trading symbol Trading symbol See: Ticker symbol AG.UN.There are 27.9 million trust units outstanding. Arctic Glacier Income Fund (TSX:AG.UN) |
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