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BRIEF-Mullen group announces $100 mln bought deal offering

Published 2016-04-26, 05:32 p/m
© Reuters.  BRIEF-Mullen group announces $100 mln bought deal offering
MTL
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April 26 (Reuters) - Mullen Group Ltd MTL.TO :
* Mullen group ltd. Announces $100 million bought deal
offering and concurrent $10 million investment by the mullen
family and insiders
* Mullen group ltd says has entered into an agreement to
sell 7.5 million common shares on a bought deal basis at a price
of $13.30 per share
* Entered into an agreement to sell 7,519,000 common shares
on a bought deal basis at a price of $13.30 per share
* Net proceeds from offering,private placement will be used
to temporarily repay bank indebtedness,to transact on potential
strategic deals
* Proceeds from offering to be used to temporarily repay
bank indebtedness, to transact on potential strategic
acquisitions

Source text for Eikon:
Further company coverage: MTL.TO

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