Neo Performance Materials Inc.

09:58 AM EST - Neo Performance Materials Inc. : Announced that it and funds managed by Oaktree Capital Management, L.P. have entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from the Selling Shareholder 3,932,500 common shares of the Company at a price of $12.10 per Common Share for total gross proceeds to the Selling Shareholder of approximately $47.6 million. The Company will not be receiving any of the proceeds of the Offering. Neo Performance Materials Inc.
shares T.NEO are trading down $0.44 at $12.36.