Business News • MarketWire • CanBanc Income Corp. Announces Exercise of Over-Allotment Option |
CanBanc Income Corp. Announces Exercise of Over-Allotment Option |
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CanBanc Income Corp. Announces Exercise of Over-Allotment Option
TORONTO, ONTARIO--(Marketwire - Sept. 14, 2010) - CanBanc Income Corp. (the "Company") (TSX:CIC) announces that the Company's syndicate of agents for its initial public offering has exercised its over-allotment option and acquired an additional 1,027,000 shares of the Company. In total, the Company issued 24,027,000 shares pursuant to its initial public offering, yielding gross proceeds of $240,270,000. The shares are listed on the Toronto Stock Exchange under the symbol CIC.
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