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AFM Hospitality Corporation retains Investment Advisors to pursue private placement; AFM Hospitality Corporation (TSX:AFM).

Publication: PR Newswire
Publication Date: 26-JAN-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
AFM Hospitality Corporation (TSX: AFM) announced today that it has retained European Investment Advisors to pursue a Private Placement of five million dollars (US) by mid year. AFM has agreed in principle with the issuance of AFM common voting shares, subject to 36 month lockup at an initial price of a minimum of USD $3.00 per share or the average trading price for the week prior the day of receipt of funds, subject to regulatory approvals. Applicable Canadian Securities Laws (Ontario Securities Commission and Toronto Stock Exchange as applicable) apply to the transaction plus acknowledgement by investors that the securities contemplated in the proposed Private...

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