Cable Satisfaction International Inc. Announces the Exercise of the Over-Allotment Option.Business Editors LONGUEUIL, Quebec--(BUSINESS WIRE)--Sept. 25, 2001 Cable Satisfaction International Inc. (Csii) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CSQ CSQ Certificat de Sélection du Québec (Quebec selection certificate; immigration document) CSQ Carrier Squelch (radio, scanner) CSQ Customer Satisfaction Questionnaire .A.), through its Portuguese subsidiary, Cabovisao-Televisao Por Cabo, S.A. (Cabovisao), the leader in fixed alternative direct broadband communications and multimedia provider in Portugal, today announced the closing of the issuance of an additional 1,230,000 Subordinate Voting Shares of Csii at a price of $4.00 per share, for total proceeds of $4,920,000, pursuant to the exercise of the over-allotment option granted by Csii to the syndicate of underwriters in connection with the execution of the underwriting agreement of July 24, 2001. The syndicate of underwriters was jointly led by Canaccord Capital Corporation, CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Inc. and TD Securities Inc., and included National Bank Financial Inc. The additional net proceeds from the offering will be used mainly to fund the working capital of Csii. Csii builds and operates large bandwidth (750 Mhz) hybrid fiber coaxial (HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. ) networks and, through its subsidiary Cabovisao, provides cable television services, high-speed Internet access, telephony and high-speed data transmission services in Portugal. The subordinate voting shares of Csii are listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CSQ.A. Forward-looking Statements The statements in this press release relating to matters that are not historical facts are forward-looking statements that involve risks and uncertainties, including, but not limited to, general business and economic conditions, the condition of the financial markets, the ability of Csii to obtain financing on favourable terms and the other risks and uncertainties detailed in the 2000 annual report of Csii in the Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial section. |
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