Brief: Spark Power Group Announces Rights Offering

Spark Power

19/09/2019 12:50

Sept 19 (Reuters) - Spark Power Group Inc  SPG.TO :
    * SPARK POWER GROUP INC. ANNOUNCES RIGHTS OFFERING
    * SPARK POWER GROUP INC - ANNOUNCES RIGHTS OFFERING TO
ACQUIRE
COMMON SHARES OF COMPANY ("COMMON SHARES") TO RAISE GROSS
PROCEEDS OF UP TO C$6 MILLION
    * SPARK POWER GROUP - CO TO USE PROCEEDS OF OFFERING TO
REPAY
PORTION OF INDEBTEDNESS OUTSTANDING UNDER REVOLVING CREDIT LINE
UNDER CREDIT FACILITY
    * SPARK POWER - EACH RIGHT WILL ENTITLE HOLDER TO SUBSCRIBE
FOR
0.135789272 OF COMMON SHARE AT SUBSCRIPTION PRICE OF C$0.96 PER
WHOLE COMMON SHARE

Source text for Eikon:  ID:nCNWx9vY1a 
Further company coverage:  SPG.TO 

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