Nov 30, 2012. /Lesprom Network/. Stella-Jones Inc. ("Stella-Jones" or the "Company") announced that it has completed the private placements of subscription receipts of the Company previously announced on November 20, 2012. Pursuant to such private placements, Stella-Jones has issued 1,176,500 subscription receipts at a price of $68.00 per subscription receipt for aggregate gross proceeds to the Company of approximately $80.0 million. RBC Capital Markets led a syndicate of underwriters for a private placement of 721,200 subscription receipts, and Stella Jones International S.A. purchased 455,300 subscription receipts on a private placement basis, as the company said in the press release received by Lesprom Network. Net proceeds from the private placements will be used by the Company to partially fund the acquisition of McFarland Cascade Holdings, Inc. (the "Acquisition"), which is expected to close later today. The subscription receipts will be exchangeable, without additional payment, into common shares of the Company on a one-for-one basis upon completion of the Acquisition. If the Acquisition is not completed by December 23, 2012, then the subscription receipts will be automatically terminated and cancelled and the principal amount subscribed plus accrued interest will be returned to the holders thereof.