CT REIT Completes $300 Million Debenture Offering

CT REIT (CRT-UN.TO) has completed its $300 million unsecured debenture offering, the company said on Thursday.

The debentures mature on Dec. 5, 2031, and bear interest at 4.357% per annum. Proceeds will be used to pay down debt, including the $200 million Series D Debentures, which mature on June 1. The balance of the proceeds will be used for general business purposes, a statement said.

The Series K debentures, which have been rated "BBB" with a stable trend by Morningstar DBRS, are direct senior unsecured obligations of CT REIT.

CT REIT units were last seen up $0.02 at $17.82 on the Toronto Stock Exchange.

Price: $17.83, Change: $+0.03, Percent Change: +0.17%

Medicenna Therapeutics Raises $4.4M Via Public Offering of Units

Medicenna Therapeutics (MDNA.TO) closed its previously announced marketed public offering of units at $0.50 apiece, for about $4.44 million, before deducting offering expenses and excluding any proceeds the company may receive from the exercise of the underlying warrants, it said on Thursday.The raising will be used to support lead programs, it added.Under the offering, MDNA issued a total of near 8.9-million units. Each unit is comprised of one common share and one-half of one common share purchase warrant of the company. Each warrant entitles the holder thereof to buy a share for $0.65 per warrant share until the date that is three years following the initial closing date of the offering.The company also entered into a separate structured financing of $8.0 million with Sorbie Bornholm LP and Sorbie Investments LLP.Shares of the company were last seen up 2.4% at $0.435 on the Toronto Stock Exchange.Price: $0.44, Change: $+0.01, Percent Change: +2.35%

$MDNA.TO

Novo Resources Completes Second Tranche of Placement

Novo Resources (NVO.TO) has completed the second tranche of its previously announced placement to raise $1.93 million in proceeds.Under the second tranche, the company issued 8.0 million units at C$0.10 per unit to investors in Canada. Each unit comprised one share and one-half of a warrant.The offering also included 10.9 million chess depository interests (CDI) at A$0.105 apiece to investors outside of Canada, together with the right to receive one option to purchase one CDI for every two CDIs subscribed for under the placement.Each option entitles the holder to purchase one CDI at a price of A$0.15 for three years. One common share underlies each CDI.Northern Star Resources participated in the tranche two placement to remain as Novo's largest shareholder with a 9.87% stake.The first tranche completed in March comprised 8.4 million units at C$0.10 each to investors in Canada and 50.6 million CDIs at A$0.105 per CDI to investors outside of Canada.

$NVO.TO

CT REIT Completes $300 Million Debenture Offering

Related Articles

Medicenna Therapeutics Raises $4.4M Via Public Offering of Units

Novo Resources Completes Second Tranche of Placement

TSX Down Another 100 Plus Pts, Adding to 400 Plus Pts Lost Over Last Two Full Days, Since Monday's Record Close