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Article: Cascade Bancorp Oregon Enters Into Agreements to Sell $65 Million of Common Stock In Private Placements.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On October 29, 2009 the Company entered into a Securities Purchase Agreement with David F. Bolger ("Mr. Bolger") for the purchase and sale of $25 million of shares of our Common Stock (the "Bolger Purchase Agreement"). In addition, on October 29, 2009 the Company entered into a Securities Purchase Agreement with an affiliate of Lightyear Fund II, L.P. ("Lightyear") for the purchase and sale of $40 million of shares of our Common Stock (the "Lightyear Purchase Agreement," and together with the Bolger Purchase Agreement, the "Securities Purchase Agreements"). The total gross proceeds from the sales of Common Stock to Mr. Bolger and Lightyear (the "Private Offerings") will ...