Business News • MarketWire • Polar Acquires Common Shares of Conifex Timber Inc. |
Polar Acquires Common Shares of Conifex Timber Inc. |
|
|
Polar Acquires Common Shares of Conifex Timber Inc.
TORONTO, ONTARIO--(Marketwired - Aug. 24, 2016) - On June 17, 2016, Polar Asset Management Partners Inc. ("Polar"), on behalf of client accounts over which it has discretionary trading authority, acquired (the "Acquisition") 107,200 common shares ("Shares") of Conifex Timber Inc. (the "Issuer"). Since filing an AMR in respect of the Issuer as at April 30, 2016, when Polar, on behalf of client accounts over which it has discretionary trading authority, exercised control or direction over 2,813,833 Shares (representing approximately 13.30% of the outstanding Shares), there has been a net increase of 413,182 Shares over which Polar, has control or direction of, representing a net increase of 1.95% of all outstanding Shares. As at August 24, 2016, Polar, on behalf of client accounts over which it has discretionary trading authority, exercised control or direction over an aggregate of 3,227,015 Shares, representing approximately 15.25% of the outstanding Shares. For the Shares acquired between April 30, 2016 and August 24, 2016, Polar paid an average price of $3.15 per Share, for total consideration of $1,299,598.73 being paid for the Shares acquired in such period.
View More : http://www.marketwired.com/mw/release.do?id=2153267&sourceType=3
|
|
|