/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS
NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES./
VANCOUVER, Nov. 26, 2013 /CNW/ - Avigilon Corporation (TSX: AVO)
("Avigilon" or the "Company") is pleased to announce that it has closed
the bought deal equity financing announced November 7, 2013 (the
"Offering"). The Company issued 2,863,270 common shares at a price of
$24.10 per common share (which includes 373,470 common shares issued
pursuant to the exercise in full of the over-allotment option) for
gross proceeds of $69,004,807.
The Offering was underwritten by a syndicate of underwriters led by GMP
Securities L.P. and including BMO Capital Markets, National Bank
Financial Inc., CIBC World Markets Inc., RBC Capital Markets, PI
Financial Corp. and Cantor Fitzgerald Canada Corporation.
The Company intends to use the net proceeds from the Offering for
general corporate purposes and for potential strategic acquisitions.
The securities being offered have not been, nor will they be, registered
under the United States Securities Act of 1933, as amended, and may not
be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons 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.
Avigilon (TSX:AVO) is defining the future of protection through
innovative high-definition surveillance solutions. Delivering the
world's best image quality, our industry-leading HD network video
management software and megapixel cameras are reinventing surveillance.
Information about Avigilon can be found at avigilon.com.
Forward Looking Statements
Certain statements contained in this news release, including all
statements that are not historical facts, contain forward-looking
statements and forward-looking information within the meaning of
applicable securities laws including statements related to the use of
proceeds of the Offering. Often, but not always, forward-looking
statements or information can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate" or "believes" or variations of such words and
phrases or statements that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
With respect to forward-looking statements and information contained
herein, we have made numerous assumptions. Although our management
believes that the assumptions made and the expectations represented by
such statement or information are reasonable, there can be no assurance
that any forward-looking statement or information referenced herein
will prove to be accurate. Forward-looking statements and information
by their nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statement or
information. Such risks, uncertainties and other factors include, among
other things those risks identified in Avigilon's Annual Information
Form filed on SEDAR at www.sedar.com.
Although we have attempted to identify factors that would cause actual
actions, events or results to differ materially from those disclosed in
the forward-looking statements or information, there may be other
factors that cause actions, events or results not to be as anticipated,
estimated or intended. Also, many of the factors are beyond the control
of Avigilon. Accordingly, readers should not place undue reliance on
forward-looking statements or information. Avigilon undertakes no
obligation to reissue or update any forward-looking statements or
information as a result of new information or events after the date
hereof except as may be required by law. All forward-looking statements
and information herein are qualified by this cautionary statement.
SOURCE: Avigilon Corporation
For further information:
T: (416) 815-0700 ext. 278
Stephanie Von Zuben
T: (604) 629-5182 ext 2206