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Bri-Chem Announces $10 Million Bought Financing

Bri-Chem Announces $10 Million Bought Financing

Edmonton, Alberta – November 29, 2013 – Bri-Chem Corp. (TSX: BRY) (“the Company” or “Bri-Chem”) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. and including Beacon Securities Limited and Paradigm Capital Inc. (the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a “bought deal basis” 6,667,000 common shares (“Shares”) from the treasury of the Company, at a price of $1.50 per Share for aggregate gross proceeds of approximately $10 million (the “Offering”).
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BRI-CHEM CORP.
Press Release 2013 - 18
For Immediate Release
TSX Symbol “BRY”