Business
WiLAN Announces $21.8 Million Bought Deal Financing
WiLAN Announces $21.8 Million Bought Deal Financing
About this update from Windfall Geotek Inc.
[{"type":"text","content":"\n\n\n\n Nov. 30, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR\n FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN\n OFFER OF THE SECURITIES DESCRIBED HEREIN/\n\n\nOTTAWA, Nov. 30 /CNW/ - Wi-LAN Inc. ("WiLAN" or the "Company")\n (TSX:WIN), a leading technology innovation and licensing company, today\n announced that it has entered into a bought deal agreement with a\n syndicate of underwriters led by Paradigm Capital Inc. and Wellington\n West Capital Markets Inc. and including CIBC World Markets Inc., and\n Fraser Mackenzie Limited (collectively, the "Underwriters"), for the\n issuance of 5,000,000 common shares of the Company ("Common Shares"),\n on a bought deal basis, at a price of $4.35 per Common Share for gross\n proceeds of $21,750,000 (the "Offering"). \n\n\nThe Underwriters have the option to purchase up to an additional 625,000\n Common Shares at the issue price at any time prior to 30 days following\n the closing date for additional gross proceeds of $2,718,750.\n\n\nThe net proceeds from the Offering will be used to fund acquisitions of\n patent portfolios identified as strategic to the Company's business and\n for working capital and general corporate purposes.\n\n\nThe Common Shares to be issued under the offering will be offered by way\n of a short form prospectus in all of the provinces of Canada, other\n than the pr...