COGNICASE Closes $29 Million Bought Deal
MONTREAL, CANADA--MAY 23, 2001 - 18:28 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 it has successfully
completed its recently announced offering of 3,500,000 common
shares to a group of underwriters led by Yorkton Securities Inc.
at a price of $8.25 per share thereby raising approximately Cdn$29
million. The Underwriters also have an option, exercisable within
30 days of the closing date, to acquire an additional number of
common shares equal to 15% of the offering for purposes of
covering over-allotments and for market stabilization.
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. |
