| Home : April 2012 : April 05, 2012 News : Delavaco Properties Inc. Completes $12.25 Million Private Placement |
Delavaco Properties Inc. Completes $12.25 Million Private Placement |
April 05, 2012
TORONTO, ONTARIO and FORT LAUDERDALE, FLORIDA--(Marketwire - April 4, 2012) - Delavaco Properties Inc. announced today that it has completed a private placement of common shares for aggregate proceeds of $12.25 million. The offering was co-led by Delavaco Securities Inc. and PowerOne Capital Markets Limited and was financed by Delavaco Capital, Inc. and a group of institutional investors. The proceeds from the private placement will be used by Delavaco Properties to acquire additional residential properties in South Florida and for general working capital purposes. Delavaco Properties currently holds a portfolio of 290 residential properties located in South Florida.
http://www.marketwire.com/mw/release.do?id=1640412&sourceType=3
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