Le Lézard
Classified in: Health, Business
Subject: ECO

BDC Capital Inc. sells Common shares of Clementia Pharmaceuticals Inc.

MONTRÉAL, Jan. 11, 2019 /CNW Telbec/ - On January 11, 2019, BDC Capital Inc. ("BDC Capital"), a wholly-owned subsidiary of the Business Development Bank of Canada (the "BDC"), sold 396 common shares (the "Common Shares") in the capital of Clementia Pharmaceuticals Inc. ("Clementia") on the NASDAQ Stock Market (the "Sale") at an average price of US$14.0976 per Common Share (C$18.6920 per Common Share based on the Bank of Canada exchange rate on January 11, 2019), for aggregate gross proceeds to BDC Capital of US$5,582.65 (C$7,402.04 based on the Bank of Canada exchange rate on January 11, 2019).  

Immediately prior to the Sale, BDC beneficially owned or had control or direction over, directly or indirectly, an aggregate of 5,497,607 Common Shares, representing approximately 14.539% of the issued and outstanding Common Shares. As of January 11, 2019, after giving effect to the Sale, BDC beneficially owns or has control or direction over, directly or indirectly, an aggregate of 5,497,211 Common Shares, representing approximately 14.538% of the issued and outstanding Common Shares.

BDC Capital sold the Common Shares as a result of an investment decision and, based on current market conditions, BDC Capital currently intends to dispose of additional Common Shares. BDC Capital may in the future wish to increase or further decrease its shareholdings in Clementia as circumstances warrant, whether in the open market, by privately negotiated agreements, or otherwise. Any transaction that BDC Capital may pursue may be made at any time and from time to time without prior notice and will depend on a variety of factors, including, without limitation, the price and availability of common shares of Clementia, subsequent developments affecting Clementia, its business and prospects, other investment and business opportunities available to BDC Capital, general industry and economic conditions, the securities markets in general, compliance with applicable securities laws and other factors deemed relevant by BDC Capital.

An early warning report relating to this transaction will be filed on SEDAR under Clementia's profile at www.sedar.com. To obtain a copy of such report, please contact Joanne Lajeunesse, Marketing and Public Affairs, at 514-461-2739. The head office of BDC Capital is located at 5 Place Ville-Marie, Suite 300, Montréal, Québec, H3B 5E7. The BDC is Canada's business development bank, a financial institution dedicated exclusively to entrepreneurs. The head office of Clementia is located at 550-4150 Sainte-Catherine West, Montréal, Québec, H3Z 2Y5.



These press releases may also interest you

at 03:00
The newest edition of Crystallography Times from Rigaku Corporation has been published and is now available on the company's global website. Crystallography Times is a monthly electronic newsletter published by Rigaku Oxford Diffraction (ROD). It...

at 02:00
A March 1 article on Thrive Global reported on a survey done in Australia that found a rise in doctor home visits. The survey showed over a quarter of after-hour services were through house call doctors instead of patients visiting hospital clinics....

22 mar 2019
SeqOnce Biosciences Inc. launches its new RhinoSeqtm DNA Library Preparation Kit for Next Generation Sequencing (NGS) sample preparation. RhinoSeq employs a proprietary kit chemistry that makes it the fastest DNA library preparation kit for the NGS...

22 mar 2019
Monster Energy Canada Ltd.  is recalling Monster Energy brand Caffé Monster Salted Caramel Energy Drink from the marketplace due to the potential presence of glass pieces. Consumers should not consume the recalled product described below. The...

22 mar 2019
Psychiatric watchdog, Citizens Commission on Human Rights (CCHR) New England held an awareness protest Sunday morning to attendees of a large Boston OBGYN conference to warn that allowing pregnant mothers to be prescribed psychotropic drugs means...

22 mar 2019
Smith Land & Improvement Corporation announces the return of Healthy Neighbors Fest to the West Shore Plaza in Lemoyne on Saturday, April 13, from 10:00 a.m. to 1:00 p.m. Nine health and fitness partners will be on-site offering free health...

News published on 11 january 2019 at 20:26 and distributed by: