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Technology Stocks : Wi-LAN Inc. (T.WIN)
WILN 1.3900.0%Sep 18 5:00 PM EST

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To: Shack who wrote (682)10/7/1999 11:29:00 PM
From: Don MacKenzie  Read Replies (1) of 16863
 
The public float is 4,463,000 shares an additional warrants representing 1,960,785 shares will become tradable when the company begins listing on the TSE. This will make the total public float 6,423,785.

I believe the warrants are exercisable after July 21, 2000. The additional warrants were part of a sale to institutional investors and raised $15,000,005.25.

"Wi-LAN will use the net proceeds of this offering to finance increased research and development exploiting its W-OFDM technology leadership and speed-up the development of an Application Specific Integrated Circuit (ASIC) that would appreciably reduce the component cost of W-OFDM technology. The financing will also improve Wi-LAN?s negotiating power for any licensing or partnership deals and enhance Wi-LAN?s working capital for larger projects."

By the way Sprott securities was one of the underwriters of this and they have been one of the major purchasers of the stock over the past weeks. The following was posted from the Stockhouse.com Wi-Lan board.

10/07/99 - 37 Trades for A:WIN involving broker 73

Ex Time Price Change Volume Buyer Seller

A 1999-10-07 08:07:21 10.250 -.050 5000 73 Sprott 73 Sprott
A 1999-10-07 08:09:41 10.300 .000 2000 73 Sprott 73 Sprott
A 1999-10-07 10:54:10 10.250 -.050 900 73 Sprott 6 Green Line
A 1999-10-07 10:55:05 10.450 .000 78 73 Sprott 87 Wolverton
A 1999-10-07 11:00:12 10.450 .150 800 73 Sprott 6 Green Line
A 1999-10-07 11:00:12 10.450 .150 2000 73 Sprott 6 Green Line
A 1999-10-07 11:00:26 10.300 .000 3000 73 Sprott 82 DS
A 1999-10-07 11:03:47 10.500 .200 4000 73 Sprott 73 Sprott
A 1999-10-07 11:04:08 10.550 .250 4000 73 Sprott 73 Sprott
A 1999-10-07 11:04:16 10.550 .250 2000 73 Sprott 6 Green Line
A 1999-10-07 11:07:55 10.700 .400 2000 73 Sprott 6 Green Line
A 1999-10-07 11:07:55 10.700 .400 100 73 Sprott 82 DS
A 1999-10-07 11:21:08 10.900 .600 2800 73 Sprott 6 Green Line
A 1999-10-07 11:21:08 10.900 .600 4000 73 Sprott 91 CT International
A 1999-10-07 11:51:34 10.900 .600 600 73 Sprott 82 DS
A 1999-10-07 11:51:34 10.900 .600 200 73 Sprott 82 DS
A 1999-10-07 12:08:49 11.200 .900 2000 73 Sprott 9 Nesbitt
A 1999-10-07 12:08:49 11.200 .900 1000 73 Sprott 6 Green Line
A 1999-10-07 12:08:49 11.200 .900 1000 73 Sprott 90 Gundy
A 1999-10-07 13:11:17 11.200 .900 400 73 Sprott 8 Research Capital
A 1999-10-07 13:11:17 11.200 .900 1500 73 Sprott 90 Gundy
A 1999-10-07 13:11:37 11.200 .900 500 73 Sprott 90 Gundy
A 1999-10-07 13:11:58 11.200 .900 1000 73 Sprott 90 Gundy
A 1999-10-07 13:17:28 11.200 .900 400 73 Sprott 9 Nesbitt
A 1999-10-07 13:21:02 11.200 .900 300 73 Sprott 90 Gundy
A 1999-10-07 13:30:22 11.300 1.000 1400 73 Sprott 80 First Marathon
A 1999-10-07 13:32:45 11.300 1.000 700 73 Sprott 48 Yorkton
A 1999-10-07 13:39:42 11.300 1.000 500 73 Sprott 90 Gundy
A 1999-10-07 13:39:42 11.300 1.000 1000 73 Sprott 6 Green Line
A 1999-10-07 13:51:05 11.200 .900 100 73 Sprott 63 Levesque
A 1999-10-07 13:51:05 11.200 .900 900 73 Sprott 63 Levesque
A 1999-10-07 14:06:46 11.500 1.200 800 73 Sprott 6 Green Line
A 1999-10-07 14:06:46 11.500 1.200 4000 73 Sprott 9 Nesbitt
A 1999-10-07 14:06:46 11.500 1.200 3000 73 Sprott 9 Nesbitt
A 1999-10-07 14:06:46 11.500 1.200 500 73 Sprott 6 Green Line
A 1999-10-07 14:26:08 11.500 1.200 1900 73 Sprott 63 Levesque
A 1999-10-07 14:26:08 11.500 1.200 2000 73 Sprott 63 Levesque

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