Bought deal to "support the growth of the electronic manufacturing systems business of the Company in light of several recent significant contract announcements. Works out to C$20/share.
AimGlobal Technologies Company Inc. Enters Into An Agreement
Toronto, Ontario -- March 3, 2000
AimGlobal Technologies Company Inc. ("AimGlobal" or the
"Company") announced today that it has entered into an agreement
with a syndicate of underwriters for the sale, on a "bought deal"
basis, of 1,500,000 common shares to raise gross proceeds of
$30,000,000. The Underwriters have the option, at any time up to
the Closing Date, to purchase an additional 225,000 common shares
at any time up to the Closing Date for additional gross proceeds
of $4,500,000. The closing of the transaction is expected to
occur on or about March 23, 2000 and is subject to certain
conditions, including regulatory approval.
The proceeds of the issuance will be used by the Company to
support the growth of the electronic manufacturing systems
business of the Company in light of several recent significant
contract announcements.
The Company's shares trade on The Toronto Stock Exchange and AMEX
under the symbol AGT. The Toronto Stock Exchange has not reviewed
and does not accept responsibility for the adequacy and accuracy
of this release.
The securities have not been and will not be registered under the
Securities Act of 1933, as amended, and may not be offered or
sold in the United States or to U.S. persons without registration
unless an exemption from registration is available.
For further information, contact:
AimGlobal Technologies Company Inc.
Steve deJaray
President & CEO
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