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TORONTO, April 8 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE:UN) ("Chemtrade" or the "Fund") today announced that the syndicate of underwriters led by Scotia Capital Inc. and BMO Capital Markets and including TD Securities Inc., have purchased an additional $10 million principal amount of 6.0% convertible unsecured subordinated debentures pursuant to the over-allotment option, increasing the aggregate gross proceeds of the public offering to $90 million.
The securities offered have not and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.
Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's largest suppliers of sulphuric acid, liquid sulphur dioxide and sodium hydrosulphite, and a leading processor of spent acid. Chemtrade is also a leading regional supplier of sulphur, sodium chlorate, phosphorous pentasulphide, and zinc oxide.
SOURCE Chemtrade Logistics Income Fund
For further information: For further information: Mark Davis, President and CEO, Tel: (416) 496-4176; Rohit Bhardwaj, Vice President Finance & CFO, Tel: (416) 496-4177