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RAY.B Stingray Group Inc

6.50
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Stingray Group Inc TSX:RAY.B Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.50 6.52 7.50 0 15:42:35

Irving West Acquires Additional Shares of Stingray

06/11/2018 12:24am

PR Newswire (Canada)


Stingray (TSX:RAY.B)
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GANDER, NL, Nov. 5, 2018 /CNW/ - Irving West, Limited today entered into a Subscription Agreement with Stingray Digital Group Inc. (TSX: RAY.A; RAY.B) pursuant which Irving West or its affiliate has agreed to purchase an aggregate of 2,429,544 Subordinate Voting Shares of Stingray at a price of $10.29 per Subordinate Voting Share for total gross proceeds of $25,000,007.76. Irving West is controlled by Harry R. Steele of Gander, Newfoundland and Labrador. Upon closing, Irving West will increase its ownership from 6.18% of the outstanding Subordinate Voting Shares to 10.13% of the outstanding Subordinate Voting Shares. The acquisition remains subject to regulatory approval.

Irving West and its affiliates have no intention to undertake any other transactions relating to Stingray, other than subject to regulatory limitations, they may acquire, dispose of or continue to hold shares in the normal course of their investment activities.

 

SOURCE Irving West Limited

Copyright 2018 Canada NewsWire

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