/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
BURLINGTON, ON, Sept. 12, 2011 /CNW/ - EcoSynthetix Inc. ("EcoSynthetix"
or the "Corporation") today announced that the underwriters have
purchased an additional 300,000 common shares of the Corporation at a
price of $9.00 per share, pursuant to the partial exercise of an
over-allotment option granted to the underwriters in connection with
the previously announced initial public offering of common shares of
EcoSynthetix, which closed on August 4, 2011. EcoSynthetix did not
receive any proceeds from the sale of these additional shares. The
common shares of EcoSynthetix are listed on the Toronto Stock Exchange
under the symbol "ECO".
The exercise of the over-allotment and initial public offering was made
through a syndicate of underwriters co-led by UBS Securities Canada
Inc., Canaccord Genuity Corp. and RBC Capital Markets and including BMO
Nesbitt Burns Inc., CIBC World Markets Inc., GMP Securities L.P. and
Piper Jaffray & Co. (collectively, the "Underwriters").
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these common shares in the United
States, nor shall there be any sale of the common shares in any
jurisdiction in which such offer, solicitation or sale would be
unlawful. The common shares described herein have not been, and will
not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not
be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the 1933 Act
and applicable state securities laws.
About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix Inc. is a renewable chemicals company specializing in
bio-based products that can be used as inputs in industrial
manufacturing for a wide range of consumer products. The Company's
products offer a reduced carbon footprint and are marketed primarily on
the basis of lower cost, stable pricing and equal or superior
performance. EcoSynthetix's lead product, ECOSPHERE BIOLATEX® binders, is used commercially by 3 of the global top 5 manufacturers in
the coated paper and paperboard industry and 9 of the global top 20
manufacturers are currently in the process of evaluating the Company's
SOURCE EcoSynthetix Inc.
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