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Ottawa Citizen: Regulator approves Corel stock issue

Jun 24, 2000, 12:55 (0 Talkback[s])
(Other stories by Bert Hill)

"Cash-strapped Corel Corp. moved a big step toward resolving immediate troubles yesterday with regulatory approval of a $30-million stock issue."

"The software company could have the money in its hands within a week to cover operating and restructuring costs. The deal closes June 28."

"The Ontario Securities Commission gave approval to the issue of 7.3 million shares at $4.11 each to Canaccord Capital Corp., a Toronto investment house."

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