BRIEF-People corporation announces $17.5 million "bought deal" private placement financing

Fri Sep 16, 2016 8:08am EDT
 
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Sept 16 (Reuters) - People Corp :

* People Corporation announces $17.5 million "bought deal" private placement financing

* Underwritters have agreed to purchase in a private placement basis 4.7 million common shares of company at a price of $3.70 per share

* Net proceeds of offering will be used to fund growth initiatives and general corporate purposes Source text for Eikon: Further company coverage: