re: News Out
DALSA Corporation Enters Into Agreement For A Cdn$20 Million Bought Deal
15:48 EST Thursday, January 24, 2002
DALSA Corporation (TSE: DSA), announced today that is has entered into a bought deal agreement with a syndicate of underwriters led by led by Yorkton Securities Inc. Under the agreement, the syndicate will purchase 2,000,000 Special Warrants of the Company at a price of Cdn$10.00 per Special Warrant, resulting in gross proceeds to the Company of Cdn$20,000,000. Each Special Warrant will entitle the holder to receive one Common Share of DALSA without payment of additional consideration. The proceeds from the offering will be escrowed on closing, for release to the Company on the closing of its announced acquisition of the Bromont facility from Zarlink Semiconductor Inc. The offering is expected to close on or about February 4, 2002.
DALSA is an international digital imaging solutions company which designs, develops, manufactures and markets high performance image sensors, electronic cameras and vision systems.
The transaction is subject to the receipt of all necessary regulatory and stock exchange approvals.
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