Black Diamond Group Ltd. (TSX:BDI) says it has secured equity financing to fund a doubling of its 2011 capital spending budget to $80 million. – Dominion Lending Centres Clearlease
CALGARY – (April 20, 2011) Clearlease.com Reports Black Diamond Group Ltd. (TSX:BDI) says it has secured equity financing to fund a doubling of its 2011 capital spending budget to $80 million.
The Calgary-based provider of modular accommodation and energy services, said the additional $40 million in capital spending is required for remote accommodation facilities and surface rental equipment in the Alberta oil sands and other projects in northern B.C., southern Saskatchewan and North Dakota.
In conjunction with the capex increase, Black Diamond has entered into a bought deal agreement with a syndicate of underwriters led by Raymond James to raise $47 million in gross proceeds for 1.8 million common shares.
Black Diamond has also granted the underwriters an over-allotment option to purchase up to an additional 180,000 common shares, also at $26.10 per share, for a further $5 million.
Net proceeds of the financing will be used to fund capital expenditures to meet customer demand, repay bank indebtedness and for general corporate purposes.
The equity offering is subject to regulatory approval, including approval of the Toronto Stock Exchange and is expected to close about May 10.
Founded in 2003, Black Diamond operates three divisions in 13 locations across Canada and the United States.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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CALGARY – (April 19, 2011) Clearlease.com Reports Black Diamond Group Ltd. (TSX:BDI) says it has secured equity financing to fund a doubling of its 2011 capital spending budget to $80 million.
The Calgary-based provider of modular accommodation and energy services, said the additional $40 million in capital spending is required for remote accommodation facilities and surface rental equipment in the Alberta oil sands and other projects in northern B.C., southern Saskatchewan and North Dakota.
In conjunction with the capex increase, Black Diamond has entered into a bought deal agreement with a syndicate of underwriters led by Raymond James to raise $47 million in gross proceeds for 1.8 million common shares.
Black Diamond has also granted the underwriters an over-allotment option to purchase up to an additional 180,000 common shares, also at $26.10 per share, for a further $5 million.
Net proceeds of the financing will be used to fund capital expenditures to meet customer demand, repay bank indebtedness and for general corporate purposes.
The equity offering is subject to regulatory approval, including approval of the Toronto Stock Exchange and is expected to close about May 10.
Founded in 2003, Black Diamond operates three divisions in 13 locations across Canada and the United States.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Black Diamond Group Ltd. (TSX:BDI) says it has secured equity financing to fund a doubling of its 2011 capital spending budget to $80 million. – Dominion Lending Centres Clearlease
CALGARY – (April 20, 2011) Clearlease.com Reports Black Diamond Group Ltd. (TSX:BDI) says it has secured equity financing to fund a doubling of its 2011 capital spending budget to $80 million.
The Calgary-based provider of modular accommodation and energy services, said the additional $40 million in capital spending is required for remote accommodation facilities and surface rental equipment in the Alberta oil sands and other projects in northern B.C., southern Saskatchewan and North Dakota.
In conjunction with the capex increase, Black Diamond has entered into a bought deal agreement with a syndicate of underwriters led by Raymond James to raise $47 million in gross proceeds for 1.8 million common shares.
Black Diamond has also granted the underwriters an over-allotment option to purchase up to an additional 180,000 common shares, also at $26.10 per share, for a further $5 million.
Net proceeds of the financing will be used to fund capital expenditures to meet customer demand, repay bank indebtedness and for general corporate purposes.
The equity offering is subject to regulatory approval, including approval of the Toronto Stock Exchange and is expected to close about May 10.
Founded in 2003, Black Diamond operates three divisions in 13 locations across Canada and the United States.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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