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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM -- Ignore unavailable to you. Want to Upgrade?

To: arisetech who wrote (416)	10/14/1999 2:35:00 PM
From: arisetech	Read Replies (1) \| Respond to of 989

From: newsout@stockwatch.com Date: Thu, 14 Oct 1999 11:05:23 -0700 Subject: Stockwatch: Research in Motion Ltd - News Release Research in Motion begins public offering of shares Research in Motion Ltd RIM Shares issued 62,165,317 Oct 13 close $46.45 Thu 14 Oct 99 News Release Mr. Dennis Kavelman reports Research in Motion has obtained a receipt for a final short form prospectus from each of the provinces of Canada and its registration statement has become effective under the U.S. Securities Act of 1933 in connection with its previously announced public offering of five million common shares. The common shares will be sold in the United States at $30.75 (U.S.) per share and in Canada at $45.55 per share. The total net proceeds to the company are expected to be approximately $216,362,500. The offering is expected to close on Oct. 19, 1999. The lead manager for the offering is Merrill Lynch & Co., and the co-managers are SoundView Technology Group, Inc., Banc of America Securities LLC, SG Cowen Securities Corporation and U.S. Bancorp Piper Jaffray Inc. RIM has granted the underwriters an option to purchase an additional 750,000 common shares to cover overallotments, if any. Net proceeds of the offering will be used to finance sales and marketing activities, finance product development initiatives, finance the acquisition of capital equipment and for general corporate and working capital purposes, including possible acquisitions. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com