Plazacorp announces exercise of Over-Allotment Option

Plazacorp Retail Properties Ltd. announced  that the underwriters of its recently completed public equity offering of 6,600,000 common shares at a price of $4.20 per common share for gross proceeds of $27,720,000 have provided notice of their intent to exercise in full, their over-allotment option to purchase an additional 990,000 common shares at a price of $4.20 per common share for additional gross proceeds of $4,158,000.
The closing of the exercise of the Over-Allotment Option is expected to occur on October 12, 2011.  The common shares were qualified by a short form prospectus dated September 20, 2011 and were underwritten by a syndicate of underwriters led by RBC Capital Markets.

 

on October 14, 2011