Filing of Final Prospectus for IPO of $34.5 Million (Apr 14/98)
APRIL 14, 1998
MONTREAL, QUEBEC--INFORMISSION GROUP INC. has announced the filing
today of a final prospectus for an initial public offering, with
the Quebec Securities Commission and the other regulatory
authorities in each of the Canadian provinces. The company will
issue 3,365,854 common shares at a price $10.25 per share, for a
total of $34,500,004. The closing is expected to take place on
April 22, 1998. The Montreal Exchange and the Toronto Stock
Exchange have conditionally approved the listing of the
Informission Group common shares. The underwriting syndicate is
led by Scotia McLeod Inc., and includes Nesbitt Burns Inc.,
Midland Walwyn Capital Inc. and Desjardins Securities Inc.
Informission Group Inc. is an information technology company
providing innovative and cost-effective solutions for information
systems conversion, development and migration. With a total of
258 employees, Informission offers proprietary re-engineering
software products and systems integration solutions to clients
located mainly in North America and Europe. The Company operates
in 7 countries and has 14 strategic partners, including CGI, IBM
and Computer Sciences Corporation. Informission has offices in
Canada (3), in the United States (1), and will soon be opening
another office in Canada, in Ottawa, and an office in Paris,
France. Informission was recently selected as one of the 50
best-managed Canadian private companies by Arthur Anderson and the
Financial Post. |
