Press Releases - Magellan Aerospace

2003 Press Releases

Magellan Aerospace Corporation announces closing of common share financing

December 22, 2003

December 22, 2003 (Toronto) — Magellan Aerospace Corporation (“Magellan” or the “Company”) announced today the closing of its offering (the “Offering”) of 8,750,000 common shares (“Common Shares”) of the Company, which includes 2,000,000 Common Shares that were issued on exercise of the underwriters’ option. The Offering was made on a bought deal basis through a […]

Magellan Aerospace Corporation announces common share offerings from treasury

December 3, 2003

TORONTO, Dec. 3 /CNW/ – Magellan Aerospace Corporation (“Magellan” or the “Corporation”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by Octagon Capital Corporation and Scotia Capital Inc. under which the underwriters have agreed to purchase 6,750,000 common shares (“Common Shares”) of the Corporation from treasury, with an […]

Update on acquisition in United Kingdom

November 28, 2003

TORONTO, Nov. 28 /CNW/ – Magellan Aerospace Corporation (“Magellan”) announced today that it has secured all lender and other approvals required to complete the acquisition of substantially all of the aerospace business and assets of Mayflower Aerospace (“Mayflower”) located in the United Kingdom from a related party, Kimball Capital Corporation (“Kimball”), which is controlled by […]

Proposed acquisition in United Kingdom

November 6, 2003

TORONTO, September 29, 2003 / CNW / Magellan Aerospace Corporation (“Magellan”) announced today that a related party, Kimball Capital Corporation, which is controlled by one of Magellan’s directors, acquired through a receivership process on September 27, 2003 substantially all of the aerospace business and assets of Mayflower Aerospace located in the United Kingdom for (Canadian) […]

Magellan Aerospace Announces Fleet Industries Closure

February 13, 2003

TORONTO, Feb. 13 /CNW/ – Magellan Aerospace Corporation announced today its decision to cease operations at its Fleet Industries plant in Fort Erie, Ontario. This decision will have an immediate effect on the facility. The Company’s focus is now on the movement of existing work to new sites as expeditiously as possible. Work that has […]

Magellan Aerospace Corporation announces closing of $70 million convertible debenture financing

January 7, 2003

January 7, 2003 (Toronto) — Magellan Aerospace Corporation (“Magellan” or the “Company”) announced today the closing of its offering of $55 million aggregate principal amount of 8.5% convertible unsecured subordinated debentures due January 31, 2008. The Offering was made on a bought deal basis through a syndicate of underwriters co-led by Scotia Capital Inc. and […]