Q: Hi 5i team,
I am currently underwater on BDI can you comment on the recent news below and whether I should continue to hold. If you prefer to wait until 4th quarter results tonight please do so.
Thank you
Black Diamond Group Files Preliminary Short-Form Prospectus for $29M Bought Deal Financing; Cancels Conference Call
13 Mar 2017 09:14 ET
09:14 AM EDT, 03/13/2017 (MT Newswires) -- Black Diamond Group (BDI.TO), a provider of modular work space solutions and workforce accommodations, has filed a preliminary short-form prospectus in relation to the bought deal financing of 7.7 million common shares for gross proceeds of $29 million. The deal is expected to close on or about Mar. 17.
As a result of the financing, the company has cancelled its Q4 2016 results conference call, which was scheduled to take place on Mar. 14 at 11:00 a.m. ET. Black Diamond is scheduled to release its fourth quarter results after markets close on Mar. 13, 2017.
I am currently underwater on BDI can you comment on the recent news below and whether I should continue to hold. If you prefer to wait until 4th quarter results tonight please do so.
Thank you
Black Diamond Group Files Preliminary Short-Form Prospectus for $29M Bought Deal Financing; Cancels Conference Call
13 Mar 2017 09:14 ET
09:14 AM EDT, 03/13/2017 (MT Newswires) -- Black Diamond Group (BDI.TO), a provider of modular work space solutions and workforce accommodations, has filed a preliminary short-form prospectus in relation to the bought deal financing of 7.7 million common shares for gross proceeds of $29 million. The deal is expected to close on or about Mar. 17.
As a result of the financing, the company has cancelled its Q4 2016 results conference call, which was scheduled to take place on Mar. 14 at 11:00 a.m. ET. Black Diamond is scheduled to release its fourth quarter results after markets close on Mar. 13, 2017.