RE: Smart Move by Wi-LAN
Wi-LAN Plans C$30M Bought-Deal Financing >WIN.T
8:33am ET (Dow Jones Newswires)
DOW JONES NEWSWIRES
Wi-LAN Inc. (WIN.T) plans a bought-deal offering of about 6,666,700 shares at C$4.50 each, for gross proceeds of C$30 million.
The syndicate of underwriters for the offering will be led by CIBC World Markets Inc.
Wi-LAN, an Ottawa-based licensor of wireless technologies, said proceeds will be used for working capital and general corporate purposes.
The offering is scheduled to close on about Dec. 29.
-Judy McKinnon; 416-306-2100; AskNewswires@dowjones.com
(END) Dow Jones Newswires
12-08-06 0825ET
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