ARISE to issue 21.4 million shares in offering 2007-10-24 17:21 ET - Prospectus Approved Effective Oct. 5, 2007, the company's prospectus dated Oct. 5, 2007, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Ontario, Manitoba, Saskatchewan, Alberta and British Columbia securities commissions, pursuant to the provisions of the Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Ontario, Manitoba, Saskatchewan, Alberta and British Columbia securities acts. Underwriters: Canaccord Capital Corporation, Clarus Securities Inc. CIBC World Markets Inc., D&D Securities Company, Dundee Securities Corporation and Loewen, Ondaatje, McCutcheon Limited. Offering: 21,428,600 shares Share price: $1.40 per share Underwriters' fees: 6-per-cent cash commission Greenshoe option: The underwriters have overallotted shares in connection with this offering and the company has granted to the underwriters 3,214,290 additional shares, equal to 15 per cent of the offering, for gross proceeds of $4,500,006. |