TransactionsPBS Coals Announces Pricing of $214,300,000 Private PlacementPublished: 08/06/2009 By Gregory Hogan, Ken Snider, John P. Vettese On July 31, 2008, PBS Coals Corporation completed a private placement of treasury and secondary financing offering of 35,716,000 Subscription Receipts at a price of $6.00 per Security for gross proceeds of $100,000,000 to the treasury of the Company and $114,296,000 to certain selling shareholders of PBS Coals Corporation. Cormark Securities Inc., GMP Securities L.P. and TD Securities Inc. were co-lead agents on behalf of a syndicate of agents that included Canaccord Capital Corporation, Macquarie Capital Markets Canada Ltd, Dundee Securities Corporation, National Bank Financial Inc., and Wellington West Capital Markets Inc. The offering was made to investors on a private placement basis. Cassels Brock acted for Cormark Securities Inc. with a team that included Greg Hogan (Securities), John Vettese (Corporate/Securities), Christine Gallo (Corporate/Securities) and Ken Snider (Tax). |