Alliance Atlantis Communications Inc. Increases Size Of "Bought Deal" Equity Financing To $82.65 Million.TORONTO--(BUSINESS WIRE)--Nov. 5, 1998--Alliance Atlantis Co. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALLIF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AAC (Advanced Audio Coding) An audio compression technology that is part of the MPEG-2 and MPEG-4 standards. AAC, especially MPEG-4 AAC, provides greater compression and better sound quality than MP3, which also came out of the MPEG standard. .A.) (ME:AAC.A.) (TSE:AAC.B.) (ME:AAC.B.) ALLIANCE ATLANTIS COMMUNICATIONS INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . today announced that the syndicate of Canadian underwriters has exercised an option granted to them by the Company to increase the size of the recently announced bought deal equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. from 2.65 to 2.9 million Class B Non-Voting Shares from treasury at a price of $28.50 per share, subject to regulatory approval. A preliminary short form prospectus to qualify the offering for distribution to the public in Canada was filed today with the securities regulatory authorities in all provinces and territories of Canada. The closing of the offering is expected to take place within approximately three weeks. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the share issue to be paid to ALLIANCE ATLANTIS on closing will be used to refinance certain debt obligations incurred in connection with the recently completed merger that created ALLIANCE ATLANTIS. ALLIANCE ATLANTIS COMMUNICATIONS INC. is a leading international integrated producer and distributor of filmed entertainment with significant ownership of Canadian cable channels. Headquartered in Toronto, ALLIANCE ATLANTIS operates offices in Los Angeles, London, Montreal, Vancouver, Sydney, and Shannon. The Company's shares trade on the Toronto and Montreal stock exchanges Montreal Stock Exchange See Bourse de Montreal, Inc. (Canadian Derivatives Exchange) under the symbols AAC.A, AAC.B, and on NASDAQ under ALLIF. This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. |
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