COGNICASE Inc. Announces the Closing of Its New Issue of Common Shares.MONTREAL--(BUSINESS WIRE)--Feb. 9, 1999--COGNICASE Inc. (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 : COGIF) (ME:COG.) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COG.) announced today the completion of its new issue of 2,000,000 Common shares at a price of Cdn.$35.00 per share. The estimated 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). from the issue of Common shares offered by the Company, after deducting the expenses of the offering, are approximately Cdn.$66.6 million and to be added to the Corporation's working capital, used for general corporate purposes or to fund acquisitions of businesses. The offering was led by CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities Inc. The Common Shares will not be registered under the U.S. Securities Act of 1933, as amended, ("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 except in certain transactions exempt from the registration requirements of the U.S. Securities Act. Founded in 1991, COGNICASE is an international provider of value- added information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. services, solutions and software. The Company offers a full range of IT solutions including outsourcing, ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. implementation, application development, WEB/E-commerce development, network architecture, management and application development software for client/server and Web-based application, as well as software for automated software conversion, platform migration and IT outsourcing. COGNICASE has over 1,740 resources serving customers from business offices in 15 cities in North America, Europe and Australia. Previous COGNICASE press releases are available at: http://www.cdn-news.com. |
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