STACK CAPITAL GROUP INC.

The Stack Capital Group completed a brokered private placement of $31.25 million, issuing 1,666,668 units at $18.75 each; together with a March 31 issuance, a total of 2,133,334 units were issued for $40 million. Each unit consists of one common share and one-quarter of a warrant; whole warrants are exercisable within 24 months at $23.00. Management subscribed for roughly $1 million of units, certain insiders purchased 53,300 units, and the TSX granted conditional approval for listing the shares and warrants (STCK.WT.C). Net proceeds will be used for investments in accordance with investment policies and for general corporate purposes and working capital; the banks receive a cash commission of 5% of the gross proceeds. » Altro su de.investing.com