Brandevor Enterprises Ltd. announces completed negotiations of a private placement.TORONTO--(BUSINESS WIRE)--March 21, 1997--Brandevor Enterprise (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BVE BVE abbr. Black Vernacular English .) Management of Brandevor Enterprises Ltd. (TSE - BVE) announces that it has completed negotiations for a private placement of 4,000,000 units, at a price of $0.06 per unit. Each unit will consist of one common share of Brandevor, together with one share purchase warrant. Two share purchase warrants will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to purchase one additional common share at a price of $0.08 for a period of two years. Completion of the proposed private placement is subject to all regulatory approvals. The total of $240,000 initially raised through the private placement will be used partially for working capital and partially to provide funds for an upgrading of certain plant and equipment at the brewery operated by Brandevor's majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. , Microstar Breweries Inc., in Dubuque, Iowa Dubuque is a city in the U.S. State of Iowa, located along the Mississippi River. Its population was estimated at 57,696 in 2006,[3] making it the eighth-largest city in the state. , in order to enhance capacity. CONTACT: Brandevor Enterprises Ltd. M. Glen Varty, 416/863-9146 416/863-6501 (FAX) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion