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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions -- Ignore unavailable to you. Want to Upgrade?

To: Josef Svejk who wrote (580)	1/19/1999 11:32:00 AM
From: BM	Read Replies (2) \| Respond to of 843

COGNICASE INC. TO ISSUE ADDITIONAL $17.5 MILLION OF COMMON SHARES Josef, is there really a concern when the "dilution" is taking place at near market price??? Seems to me somebody wants COG shares badly and why does COG want the money in the first place - a major acquisition coming up perhaps ???? MONTREAL, QUEBEC-- COGNICASE Inc. ("COGNICASE" or "the Corporation") has agreed to issue an additional 500,000 common shares from treasury at CDN$35.00 per share, extending the size of the "bought deal" financing led by CIBC Wood Gundy Securities Inc. to 2,000,000 common shares for an aggregate of CDN$70.0 million.