CBD Energy Limited Announces Pricing of Public Offering of Ordinary Shares
CBD ENERGY LTD ORDINARY SH (CBDE)
Company Research
Source: Business Wire
SYDNEY & NEW YORK--(BUSINESS WIRE)-- CBD Energy Limited (NASDAQ: CBDE) today announced the pricing of its public offering of 1,810,000 ordinary shares, at an offering price of $4.00 per share. CBD has granted the underwriters a 45-day option to purchase up to 271,500 additional ordinary shares to cover over-allotments, if any. The ordinary shares of CBD will begin trading on The NASDAQ Capital Market under the symbol “CBDE” on June 13, 2014. National Securities Corporation is acting as lead manager for the offering. Northland Capital Markets is acting as co-manager for the offering. Northland Capital Markets is the trade name for certain equity capital markets and investment banking activities of Northland Securities, Inc., member FINRA/SIPC. The net proceeds to CBD from the offering will be approximately $6,007,272, after deducting underwriting discounts and commissions and other estimated offer
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