11:49 AM EST - Major Drilling Group International Inc. : announced that it has closed its prospectus offering of subscription receipts. The Corporation issued a total of 5,900,000 Subscription Receipts at a price of $11.90 per Subscription Receipt for aggregate gross proceeds of $70,210,000. Major Drilling Group International Inc.
shares T.MDI are trading down $0.35 at $10.45.
