Business News • MarketWire • Wilmington Arranges Alternative Financing; Will Not Proceed With Previously Announced Class A Share Offering |
Wilmington Arranges Alternative Financing; Will Not Proceed With Previously Announced Class A Share Offering |
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Wilmington Arranges Alternative Financing; Will Not Proceed With Previously Announced Class A Share Offering
TORONTO, ONTARIO--(Marketwire - Sept. 3, 2010) - Wilmington Capital Management Inc. ("Wilmington") (TSX:WCM) (TSX:WCM.A) (TSX:WCM.B) announced today that it has arranged alternative financing that the corporation believes is more suited to meeting its near-term objective of building a strong platform in the self-storage industry than the Class A Share offering (the "Offering") described in the corporation's prospectus dated August 4, 2010 (the "Prospectus"). Wilmington believes that this alternative financing provides a lower cost of capital and will be sufficient to cover any near-term opportunities which the corporation elects to pursue as part of the self-storage initiative. The corporation will revisit its long-term capital requirements at a future time.
View More : http://www.marketwire.com/mw/release.do?id=1314111&sourceType=3
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