AYLMER - Amtelecom Income Fund, owner of telecom and cable company Amtelecom, announced this week it has entered into an agreement to sell 1,153,850 trust units at a price of $13 each for gross proceeds to the fund of approximately $15 million on a bought deal basis. The company plans to use the money to repay debt. The underwriting syndicate is led by Canaccord Capital Corporation and includes CIBC World Markets Inc. and Sprott Securities Inc. The underwriters have been granted an over-allotment option, exercisable for a period of 30 days following the closing date, to purchase up to an...
