Cable Satisfaction International Inc. Files Preliminary Prospectus to Fund the Construction of its Networks in Portugal.MONTREAL--(BUSINESS WIRE)--Sept. 27, 1999-- (ME:CSQ CSQ Certificat de Sélection du Québec (Quebec selection certificate; immigration document) CSQ Carrier Squelch (radio, scanner) CSQ Customer Satisfaction Questionnaire .A.) Cable Satisfaction International Inc. ("Csii") has filed a preliminary short form prospectus in all Canadian provinces regarding the issuance of subordinate voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. of the corporation. This offering is subject to regulatory approval. 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 this offering will be used to fund the build-out of broadband networks in Portugal, the construction of a fibre-ring backbone throughout Portugal and the introduction of high speed Internet, IP telephony and other value-added services in Portugal. In addition, on or about October 1st 1999, Csii will issue 8,500,000 subordinate voting shares in connection with a concurrent private placement with Capital Communications CDPQ CDPQ Caisse de Dépôt et de Placement du Québec , a subsidiary of Caisse de depot et placement du Quebec, at a price of $3.75 per share, for a total amount of $31,875,000. This concurrent private placement is subject to approval by the Montreal Exchange and by The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . The public offering is being lead by 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 will include a syndicate consisting of Canaccord Capital Corporation, Nesbitt Burns Inc. and National Bank Financial Corp. Csii is a Canadian cable operator that builds and operates hybrid fibre optic and coaxial broadband networks in the international cable television and telecommunications markets through its subsidiaries. The subordinate voting shares of Csii are listed on the Montreal Exchange. Csii has made an application to list the subordinate voting shares on The Toronto Stock Exchange. |
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