Sterling Shoes files final prospectus for $53 million IPO
Sterling Shoes Income Fund has announced that it has filed a final prospectus with the securities regulatory authorities in each of the provinces of
The Fund has also granted the underwriters an over-allotment option to purchase an additional 332,093 trust units at $10.00 per unit for a period of
30 days after closing.
After the closing of the offering, the Fund will hold an 80% indirect interest (85% if the over-allotment option is exercised in full) in Sterling Shoes Limited Partnership, which will acquire, own and operate the footwear retail business currently being carried on by Sterling Shoes Inc.
Sterling Shoes is a Vancouver-based independent footwear retailer offering brand name shoes and accessories across five Canadian provinces through its
