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WILMINGTON, Del.--(BUSINESS WIRE)--Aug. 21, 2006--J.L. Halsey Corporation (OTCBB:JLHY) announced today that its Board of Directors has approved the preparation and filing of a registration statement with the Securities and Exchange Commission for a $20 million common stock rights offering. The purpose of the rights offering is to raise capital to repay a $10 million promissory note issued to fund the recent acquisition of ClickTracks Analytics, a Santa Cruz, California-based provider of web analytics services, and to provide Halsey with additional capital to support its future growth and possible additional acquisitions.
Way to go John!