30-Sep-2009 9:15 AM

Vector announces USD45 million equity financing

Vector Aerospace Corporation entered (29-Sep-2009) into an agreement with a syndicate of underwriters to purchase from Vector and sell to the public an 7.1 million common shares at a price of USD6.35 per share for approximately USD45 million. Vector has also granted the underwriters a 15% over-allotment option to purchase up to an additional 1,065,000 shares, exercisable in whole or in part for a period of 30 days from closing of the offering to cover over-allotments. The underwriters are led by TD Securities Inc and Dundee Securities Corporation, and include CIBC, Scotia Capital and Versant Partners Inc. [more]