Following regulatory approval of its special warrant prospectus, Global Stone (TSE) has received, from escrow, $28.8 million from the sale of 6.3 million special warrants.
About $10 million from the offering, originally announced in October last year, will be used to finance the purchase and installation of a second lime kiln at the Tenn Luttrell plant in Tennessee. The balance will be used for other acquisitions.
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