Willi-Food boosts private placement financing
March 05, 2007
by FoodBusinessNews.net Staff
YAVNE, ISRAEL — G. Willi-Food International Ltd. has entered into an agreement with institutional investors for the private placement of about 1,653,000 shares of G. Willi-Food at a price of $6.05 per share.
The total gross proceeds will be about $10 million, and financing is expected to close within the next 10 to 15 days.
Investors will receive warrants to purchase about 496,000 additional shares at an exercise price at $8 per share, and the warrants will be exercisable for three years from the closing of the financing.