MINNEAPOLIS Granite City Food & Brewery Ltd. said Monday it completed a $14 million private placement of its common stock to fund restaurant expansion, retire certain equipment lease debt and for general corporate purposes. The company sold about 2.6 million shares for $5.35 per share to new and existing institutional investors, the company reported.Granite City, which operates 18 casual-dining restaurants in the Midwest, said it plans to open seven new restaurants this year."Raising ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.

 

Attention Print Subscribers:  While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!

Already registered? here.