April 3 (Reuters) - UrtheCast Corp:
* URTHECAST ANNOUNCES CAD$35 MILLION BROKERED PRIVATE PLACEMENT OF SUBSCRIPTION RECEIPTS AS SUBORDINATED CAPITAL FOR THE US$142 MILLION SENIOR SECURED FACILITY
* BROKERED PRIVATE PLACEMENT OF UP TO C$35 MILLION IN SUBSCRIPTION RECEIPTS AT PURCHASE PRICE OF CAD$0.35 PER SUBSCRIPTION RECEIPT
* IN ADVANCED NEGOTIATIONS WITH A CANADIAN PRIVATE EQUITY GROUP TO PROVIDE A CONDITIONAL BACKSTOP COMMITMENT
* CONDITIONAL BACKSTOP COMMITMENT WILL POTENTIALLY PROVIDE ADDITIONAL FINANCING OF UP TO $25 MILLION OF SUBORDINATED CAPITAL Source text for Eikon: Further company coverage:
