COGNICASE Closes $44,440,000 Equity Offering
MONTREAL, QUEBEC--DECEMBER 21, 2001 - 10:10 EST
COGNICASE Inc. (Nasdaq: "COGI"), a provider of
advanced transaction processing solutions and Internet-based
applications, today announced that it has successfully closed its
public offering announced on December 6, 2001. COGNICASE sold
4,400,000 common shares of the Company at a price of $10.10 per
share, for gross proceeds of $44,440,000, to a syndicate of
underwriters led by CIBC World Markets Inc. This amount included
400,000 common shares which were issued as a result of the
exercice of an option that COGNICASE granted to the underwriters
of the offering. The net proceeds of the offering will be used to
finance its development activities, including the funding of
acquisitions, and for other general corporate purposes.
The securities being offered have not been, nor will be,
registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States or to
U.S. persons absent registration or applicable exemption from the
registration requirement of such Act. This release does not
constitute an offer for sale of securities in the U.S.
About COGNICASE
COGNICASE (TSE: "COG", Nasdaq: "COGI") is an IT products and
services provider specializing in advanced transaction processing
and Internet-based applications. Relying on its results-driven
approach, its software and technology and its Application Services
Technology Centre, COGNICASE offers secure and scalable solutions
that contribute to its customers' economic success in the age of
the new economy. The Company is active in Canada, the United
States, and Europe. |
