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Westport Fuel Systems Inc T.WPRT

Alternate Symbol(s):  WPRT

Westport Fuel Systems Inc. is a global company focused on engineering, manufacturing, and supplying alternative fuel systems and components for transportation applications. Its segments include Light-Duty, High-Pressure Controls & Systems, Heavy-Duty OEM, Corporate, and HPDI joint venture (JV). Light-Duty segment manufactures liquified petroleum gas (LPG) and compressed natural gas (CNG) fuel storage solutions and supplies fuel storage tanks to the aftermarket, original equipment manufacturer (OEM), and other market segments across a range of brands. High Pressure Controls & Systems segment designs, develops, produces and sells components for transportation and industrial applications. Heavy-Duty OEM segment provides transitional services. The HPDI JV sells systems and components, including LNG HPDI 2.0 fuel system products, to engine OEMs and commercial vehicle OEMs. Its fuel systems and associated components control the pressure and flow of alternative fuels.


TSX:WPRT - Post by User

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Post by bugoffon Aug 17, 2008 11:17am
192 Views
Post# 15390373

This off of SEDAR...

This off of SEDAR...

Supplemented Short Form PREP Prospectus

New Issue August 14, 2008

U.S.$12.00

4,500,000 Common Shares

Price: U.S.$12.00 per Common Share

                                     Price to public(1)       Underwriting discounts or commissions(1)(2)         Proceeds to us (1)(2)(3)

Per Share........................... U.S.$ 12.000 U.S.                             $ 0.765 U.S.                                       $ 11.235

Total................................. U.S.$ 54,000,000 U.S.                       $ 3,442,500 U.S.                               $ 50,557,500

Notes:

(1) The Offering price of the Common Shares for investors in Canada will be payable in Canadian dollars and the Offering price of the Common Shares for investors in the United States will be payable in U.S. dollars unless the Underwriters otherwise agree. All of the proceeds of the Offering will be paid to us by the Underwriters in U.S. dollars based on the U.S. dollar offering price. The total is based on the U.S.-Canadian dollar noon exchange rate on August 14, 2008, as quoted by the Bank of Canada, being Cdn. $1.0620 = U.S.$1.00.

(2) The Underwriters will receive a fee equal to U.S.$0.765 per Common Share (or Cdn.$0.81243) from the sale of Common Shares to the public. See "Underwriting".

(3) We have granted the Underwriters an option to purchase up to an additional 675,000 Common Shares at the Offering price during the period ending 30 days from the date of this prospectus. If this option is exercised in full, the total price to the public, underwriting fees and commissions and net proceeds to us with respect to the total Offering will be U.S.$62,100,000, U.S.$3,958,875 and U.S.$58,141,125, respectively (or Cdn.$65,950,200, Cdn.$4,204,325.25 and Cdn.$61,745,874.75, respectively).

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