NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Freehold Royalties Ltd. ("Freehold") (TSX:FRU) announces that it has closed its previously announced $165 million acquisition of royalty production and mineral title lands from Husky Energy Inc. and certain of its affiliates (the "Husky Transaction").
In conjunction with the closing of the Husky Transaction, Freehold also completed its previously announced bought deal financing, issuing 16,428,900 common shares at a price of $11.55 per share (the "Issue Price") for gross proceeds of approximately $190 million, which included the full exercise of the over-allotment option granted to the underwriters. The bought deal offering was completed through a syndicate of underwriters co-led by RBC Capital Markets, CIBC and TD Securities.
Concurrent with the closing of the bought deal financing, the pension trust funds for employees of Canadian National Railway Company ("CN Pension Trust Funds") invested approximately $20 million in Freehold through the purchase of 1,732,000 common shares at the Issue Price on a non-brokered private placement basis.
The aggregate gross proceeds raised by Freehold pursuant to the bought deal financing and the investment by the CN Pension Trust Funds totaled approximately $210 million. Freehold used a portion of the net proceeds from the bought deal financing and investment by the CN Pension Trust Funds to complete the Husky Transaction with the remainder to pay down a portion of outstanding indebtedness.
The common shares offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Contact
Freehold Royalties Ltd. Matt Donohue Manager, Investor Relations 403.221.0888 403.221.0833 or Toll Free 1.888.257.1873 mdonohue@rife.com www.freeholdroyalties.com
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
