Brief: Horizon North Logistics Enters Into $50 Mln Bought Deal Public Offering

Dexterra

05/06/2018 21:28

June 5 (Reuters) - Horizon North Logistics Inc  HNL.TO :
    * HORIZON NORTH LOGISTICS INC. ENTERS INTO $50 MILLION
BOUGHT DEAL
PUBLIC OFFERING OF COMMON SHARES
    * HORIZON NORTH LOGISTICS INC - TO ISSUE 17.9 MILLION SHARES
AT A
PRICE OF $2.80 PER COMMON SHARE FOR GROSS PROCEEDS OF
APPROXIMATELY $50 MILLION
    * HORIZON NORTH LOGISTICS - NET PROCEEDS RECEIVED BY CO FROM
OFFERING TO BE USED TO INITIALLY REDUCE CORPORATION'S COMMITTED
CREDIT FACILITY BALANCES

Source text for Eikon:  ID:nGNXc1NDXQ 
Further company coverage:  HNL.TO 

 ((Reuters.Briefs@thomsonreuters.com;))