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iWeb Files Short Form Prospectus.
2007-11-23, HostMan.biz Canadian Web hosting provider iWeb Group filed a final short form prospectus in each of Canada's provinces. The final prospectus qualifies an offering of 3,300,000 common shares at a price of $1.25 CAD per share for an expected gross profit of $4,125,000 CAD. The offer is only valid in Canada. The offering is expected to close on or about November 30, says the company. The company intends to use the net proceeds from the offering to implement and finalize phase three and advance phase four of the installation of its second data center. |
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