MOSAID Technologies Inc. Announces Closing of $31.0 Million Bought Deal Financing

OTTAWA, Ontario — March 04, 2010 — (TSX:MSD) - MOSAID Technologies Incorporated ("MOSAID" or the "Company") is pleased to announce that it has closed its previously announced bought deal financing for aggregate gross proceeds of approximately $31.0 million. The underwriting syndicate has exercised their full over-allotment option resulting in the issuance by MOSAID of an aggregate of 1,437,500 common shares at an issue price of $21.65 per share. The syndicate of underwriters was led by BMO Nesbitt Burns Inc., and included CIBC World Markets Inc., Cormark Securities Inc. and Northern Securities Inc. The offering was completed by way of a short form prospectus.

Net proceeds of the offering will be approximately $29.5 million after fees and expenses and will be used to fund patent acquisitions and for general corporate purposes.

The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States or to or for the account or benefit of "U.S. Persons" (as defined in Regulation S under the U.S. Securities Act) absent U.S. registration or an applicable exemption from U.S. registration requirements. This press release does not constitute an offer of securities for sale in the United States or to or for the account or benefit of U.S. Persons.

About MOSAID

MOSAID Technologies Inc. is one of the world’s leading intellectual property companies. MOSAID develops semiconductor memory technology and licenses patented intellectual property in the areas of semiconductors, and wired and wireless communications systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario.

For more information, visit www.mosaid.com.



Contact:

Michael Salter
Director
Investor Relations and Corporate Communications
Tel.: 613-599-9539 x1205
E-mail: Email Contact




Review Article Be the first to review this article
CST: Webinar Feb 16, 2017

ALDEC:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Synopsys: Is 40 the new 20?
More Editorial  
Jobs
Technical Support Engineer for EDA Careers at Freemont, CA
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
SoC Design Engineer for Intel at Santa Clara, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Upcoming Events
3D Printing Electronics Conference at High Tech Campus 1, 5656 Eindhoven Eindhoven Netherlands - Jan 24, 2017
DesignCon 2017 at Santa Clara Convention Center Santa Clara CA - Jan 31 - 2, 2017
Embedded Neural Network Summit at San Jose CA - Feb 1, 2017
International Solid-State Circuits Conference (ISSCC) at San Francisco CA - Feb 5 - 9, 2017
CST: Webinars Begin on February 9



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy