Aastra Announces Filing Of Final Prospectus
CCN Disclosure - May 02, 2000 12:33
TORONTO, ONTARIO--Aastra Technologies Limited - (TSE: "AAH") announced today that
it has filed and obtained a receipt for a final prospectus with each of the Canadian
provincial securities administrators to qualify 4,400,000 common shares issuable on the
exercise of 4,400,000 special warrants. The special warrants wereissued and sold by
Aastra in a private placement transaction that closed January 25, 2000 that raised gross
proceeds of $55,000,000. Yorkton Securities Inc., Sprott Securities Limited, Canaccord
Capital Corporation, Acumen Capital Finance Partners Limited and HSBC Securities
(Canada) Inc. acted as underwriters. Each specialwarrant will be deemed to be exercised
by the holder in five business days from today.
Aastra Technologies Limited develops and distributes communications equipment. Aastra
products include basic telephonesets, caller ID devices and custom-engineered telephone
sets that incorporate Telco services including caller ID, call waiting, callforwarding and
distinctive ringing. Aastra sells to all the majorTelcos in Canada and to several U.S. Telcos
including GTE, Sprint,Bell Atlantic and Pacific Telesis. In the retail market, Aastra has the
exclusive license to use the "BELL(R) Equipment - SONECOR"trademark for telephones
sets and its products are distributed to Wal Mart, Circuit City, Radio Shack and other mass
retailers. TheToronto Stock Exchange has neither approved nor disapproved of
theinformation included in this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Aastra Technologies Limited
Mr. Allan Brett, CFO
416-736-3150
abrett@aastra.com |
