COGNICASE Raises Additional $4.3 Million as Part of Last
Public Offering
MONTREAL, CANADA--JUNE 20, 2001 - 17:11 EDT
This News Release is Intended for Distribution in Canada Only and
is not Intended for Distribution to United States Newswire
Services or Dissemination in the United States.
COGNICASE Inc. (Nasdaq: "COGI"), a leading e-business services
provider specializing in secure and scalable real-time
transactional solutions, announced today that the syndicate of
underwriters led by Yorkton Securities Inc. has fully exercised
the over-allotment option that it was granted as part of the
company's last public offering for a gross consideration of $4.33
million. Pursuant to this placement, the underwriters have
acquired 525,000 common shares of Cognicase at $8.25 per share,
which brings the total gross amount of the public issue to $33.2
million.
The common shares have not been registered under the U.S.
Securities Act of 1933, as amended, or state securities laws and
may not be offered or sold in the United States or to U.S. persons
absent registration or applicable exemption from the registration
requirements.
About COGNICASE
COGNICASE is an innovative company specializing in the development
and integration of real-time transactional solutions. Relying on
its results-driven approach, software and technology, and its
international Internet engineering and hosting centre, COGNICASE
offers secure and scalable solutions that contribute to the
success of its customers in the age of the new economy. The
Company is active in several countries, including Canada, the
United States, France, Spain, Belgium, the Netherlands and
Australia. |
