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SR Telecom Goes on Share Spree
by
Mark Evans
on Thu 02 Feb 2006 02:25 PM EST | Permanent Link
First, the good news: Montreal-based SR Telecom Inc. has raised C$50-million from a private placement to support its fixed wireless growth strategy. The bad news is if you're an existing shareholder is SR has issued a whopping 333 million common shares and converted $58-million of convertible debentures into another 280 million shares. So while the company has less debt, the number of outstanding shares has soared to a Nortel-like 680 million.
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