MONTREAL, Aug. 13 /CNW Telbec/ - Jolina Capital Inc. ("Jolina Capital")
announces that it has completed its previously-announced private placement
with TransForce Inc. ("TransForce") by purchasing 1,423,840 common shares of
TransForce from treasury at a price of $5.85 per share, for total proceeds to
TransForce of $8,329,464, in order to allow Jolina Capital to maintain its
ownership level of common shares of TransForce of approximately 16.8%.
The closing of the private placement occurred concurrently with the
closing of a bought-deal public offering by TransForce of 7,040,000 common
shares from treasury at a price of $5.85 per common share, for gross proceeds
to TransForce of $41,184,000.
As a result of the private placement of 1,423,840 shares, Jolina Capital
and a related company have ownership and control of 16,024,163 common shares
of TransForce, representing approximately 16.8% of the common shares of
TransForce now issued and outstanding.
Jolina Capital holds the common shares of TransForce for investment
purposes, and in accordance with applicable securities laws, may increase or
decrease its investment in TransForce depending on market conditions and other
For further information:
For further information: Joe Marsilii, Vice-President, Investment and
Finance, Jolina Capital Inc., (514) 328-3155