Solium Announces Closing of $46 Million Bought Deal Financing
CALGARY, ALBERTA – November 1, 2017
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES
November 1, 2017 – Solium Capital Inc. (TSX:SUM) (“Solium” or the “Company”), the leading provider of software-as-a-service for global equity-based incentive plans, administration, financial reporting and compliance, is pleased to announce that it has completed its previously announced short form prospectus offering, including the exercise in full of the underwriters’ over-allotment option. A total of 4,488,450 common shares have been issued at a price of $10.25 per common share for aggregate gross proceeds of $46,006,612.50 to Solium.
The syndicate of underwriters was co-led by National Bank Financial Inc., as sole bookrunner, and CIBC World Markets Inc. and included Laurentian Bank Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc. and Barclays Capital Canada Inc.
The Company intends to use the net proceeds of the offering for working capital and general corporate purposes, as well as to provide flexibility for future acquisitions including potentially material acquisitions.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to a U.S. person absent registration or an applicable exemption from such registration requirements.
About Solium Capital Inc.
Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for global equity administration, financial reporting and compliance. From offices in the United States, Canada, the United Kingdom, Europe and Australia, our innovative software-as-a-service (SaaS) technology powers share plan administration and equity transactions for more than 3,000 corporate clients with employee participants in more than 100 countries. Follow us @Solium and visit us at solium.com.
This news release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes information with respect to the intended use of the net proceeds of the offering. Forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, and “continue”, or the negative of these terms and similar terminology, including references to assumptions. Please note, however, that not all forward-looking information contain these terms and phrases. Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Solium’s control. These risks and uncertainties could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, a change in market conditions, general business and economic conditions, and the risk factors identified in Solium’s Annual Information Form dated March 24, 2017, which is available on SEDAR at www.sedar.com. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that Solium anticipates will be realized or, even if substantially realized, that they will have the expected consequences or effects on Solium’s business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein is provided as of the date hereof, and Solium does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Investor Relations Contact:
Heidi Christensen Brown