Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

MetroBridge Networks completes reverse take over of Huntingdon Capital and its US$8 million public offering

Fasken
Reading Time 1 minute read Subscribe

Overview

Client

MetroBridge Networks

On July 30, 2007, MetroBridge Networks International Inc., a premier high-speed wireless broadband provider for business in British Columbia with operations in Arizona, announced that it had successfully completed its reverse take over of Huntingdon Capital Inc. MetroBridge also announced the closing of its previously announced public offering of units at $0.60 per unit for total gross proceeds of approximately $8 million. Each unit consists of one common share and one common share purchase warrant, exercisable for a period of 24 months at $0.65. The public offering was effected through a syndicate of agents led by Canaccord Capital Corporation and included Jennings Capital Inc. and Wellington West Capital Inc. On August 29, 2007, the agents exercised an overallotment option to purchase units from MetroBridge for an additional $1 million. MetroBridge was advised in these transactions by a team from Fasken Martineau that included Blair Horn, Georald Ingborg, Melody Schalm and Karima Penman (securities) and Frank Schober (tax).

Team

    Subscribe

    Receive email updates from our team

    Subscribe