Business News • MarketWire • FCMI Financial Corporation Acquires Shares of Counsel Corporation |
FCMI Financial Corporation Acquires Shares of Counsel Corporation |
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FCMI Financial Corporation Acquires Shares of Counsel Corporation
TORONTO, ONTARIO--(Marketwire - Jan. 25, 2011) - FCMI Financial Corporation has acquired 2,148,438 Series B Preferred Shares of Counsel Corporation (TSX:CXS) from Sherfam Inc. FCMI Financial Corporation immediately converted such Series B Preferred Shares into 5,500,001 Common Shares of Counsel Corporation at a conversion price of $0.75 per Common Share. FCMI Financial Corporation, its affiliates and accounts managed by one of its affiliates now hold 15,147,751 Common Shares, representing 19.62% of the issued and outstanding Common Shares of Counsel Corporation.
View More : http://www.marketwire.com/mw/release.do?id=1385528&sourceType=3
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