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DowJones.com: Corel Corp. Could Raise Added C$16.6 Million In Share Offer

Jun 13, 2000, 19:52 (0 Talkback[s])
(Other stories by Judy McKinnon)

"Corel Corp. (CORL) could raise up to another C$16.6 million as a result of the issue of half warrants in its previously announced financing with Cannacord Capital Corp."

"In a news release, Corel said a half warrant will be issued to the purchasers of shares because a final prospectus wasn't issued within 10 business days following the filing of the preliminary prospectus. It said each whole warrant entitles the purchaser to one additional share at C$4.56 within a 12-month period."

"Corel said that, if all the warrants are exercised, it will issue another 3,649,635 common shares, resulting in gross proceeds of C$16,642,336."

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