QUEBECOR ANNOUNCES CLOSING OF PUBLIC OFFERING OF CLASS B SUBORDINATE SHARES AND CLASS B SUBORDINATE SHARE WARRANTS
QUEBECOR ANNOUNCES CLOSING OF PUBLIC OFFERING OF CLASS B
SUBORDINATE SHARES AND CLASS B SUBORDINATE SHARE WARRANTS
MONTREAL, Feb. 5 /PRNewswire/ -- Quebecor Inc. (AMEX: PQB) announced the closing on this day of the public offering of 4,200,000 Class B subordinate voting shares of its capital stock and of 2,100,000 Class B subordinate voting share warrants offered in 4,200,000 units at a price of $13 per unit. The net proceeds to the company of the said public offering realized through BBN James Capel Inc. are in the amount of $52,650,360.
Quebecor Inc., a continent wide communications company, is active in the publishing sector with 4 dailies, 44 weeklies, 6 monthlies, 11 magazines and numerous specials as well as books. It is also involved in publications and records distribution as well as retail. With its 56 printing and specialized plants, the company is the second largest commercial printer in North America. Through its subsidiary Mircor Inc., its activities also comprise forest products.
/CONTACT: Francois R. Roy, vice president of finance and treasurer, 514-877-9777/
(PQB) CO: Quebecor Inc. ST: Quebec IN: PUB SU: OFR SM -- NY030 -- 7126 02/05/92 11:16 EST