Update: High Arctic IPO raised $80 Million.RED DEER, Alberta Red Deer is a city in central Alberta, Canada. It is located near the midpoint of the Calgary-Edmonton Corridor, and is Alberta's third most populous city - after Calgary and Edmonton. -- A July 21, 2005 news release inaccurately stated the total raised by the recent initial public offering of High Arctic Energy Services Trust (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : HWO HWO Hazardous Waste Operations .UN). Pursuant to the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , the Trust issued 8,000,000 trust units at $10.00 per unit for gross proceeds of $80 million. The additional 996,572 units included in the original release were issued as part of a concurrent private placement, not part of the IPO. The Trust regrets any confusion this may have caused. High Arctic Energy Services Trust (TSX:HWO.UN) |
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