CALGARY, Alberta -- Comac Food Group Inc., master franchisee for Domino's Pizza in Canada, and Leede Financial Markets Inc., have increased the previously announced private placement of 5 million units to up to 6 million units at a price of CAN 10 cents (U.S. 7.3 cents) per unit. (Units consist of one common share of Comac and one half common share of the purchase warrant. Each warrant is exercisable for the purchase of one additional common share at a price of CAN 20 cents (U.S. 14.6 cents) per common share within 18 months of the date of closing.)
According to a news release, Comac will use the proceeds of the offering for working capital and expansion of its Domino's Pizza corporate store network. Currently the company operates some 230 franchise and corporate stores in Canada.
Comac's common shares trade on the TSX Venture Exchange, trading symbol CFX.B.
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