NHC Communications Inc. files final prospectus in relation to $10
million bought deal financing with Yorkton Securities Inc.
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
MONTREAL, March 26 /CNW/ - NHC Communications Inc. (TSE: NHC - news), a leading provider of carrier class test access and deployment
solutions for the telecommunications market, today announced that it has filed, and obtained receipts for, its final prospectus in relation to its
previously announced sale of 3,335,000 units at $3.00 per unit for aggregate gross proceeds of $10 million to Yorkton Securities Inc., on a bought
deal basis.
Each unit will consist of one Common Share plus one half of a Common Share Purchase Warrant. Each full Warrant will entitle the purchaser to
acquire one Common Share of NHC Communications for $4.00 at any time until two years from the closing of the offering. The offering is scheduled
to close on or about March 30, 2001.
The net proceeds of the offering will be used for working capital and general corporate purposes.
The units and the underlying Common Shares and warrants have not been registered under the United States Securities Act of 1933, as amended,
and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable
exemption from U.S. registration requirements.
About NHC Communications
With offices in Montreal, Paris - France and Manassas, Va., NHC Communications is an international leader in the design and manufacture of
innovative remotely controlled physical layer cross-connect solutions for established and next-generation voice/data networks. With a unique range
of technologies developed from years of experience, NHC now is at the heart of today's corporate enterprise service market and the
telecommunications industry.
NHC may be contacted through its web site: www.nhc.com
For further information
contact: Sylvain Abitbol, President and CEO, NHC Communications Inc., e-mail: pr@nhc.com, , Telephone: 1-800-361-1965, Fax: (514)
735-8057
Sylvain Brossard, CA, VP Finance and Operations, NHC Communications Inc., e-mail: s.brossard@nhc.com |
