VANCOUVER, BRITISH COLUMBIA - International Forest Products Limited has closed the previously announced public offering of 7,187,500 Class "A" Subordinate Voting shares at a price of $12.00 per Share for gross proceeds to Interfor of $86,250,000. The Company filed a final short form prospectus in each of the provinces of Canada on Sept. 23, 2013 in conjunction with the Offering. RBC Capital Markets and Raymond James led a syndicate of underwriters that included BMO Capital Markets, CIBC World Markets, Scotia Capital and TD Securities. The closing of the Offering today included the exercise in full of the over-allotment option of 937,500 Shares by the Underwriters.
Interfor is a growth-oriented lumber company with operations in Canada and the United States. The Company has annual production capacity of more than 2.2 billion board feet and offers one of the most diverse lines of lumber products to customers around the world. For more information about Interfor, visit our website at Interfor.com.
Have something to say? Share your thoughts with us in the comments below.