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Shares to be listed and commence trading today on the TSX under the
TORONTO, May 18 /CNW/ - NexJ Systems Inc. ("NexJ") (TSX: NXJ), a leading enterprise private cloud software
company, delivering customer relationship management (CRM) solutions
for the financial services, insurance and healthcare industries,
announced today that it has completed its previously announced initial
public offering (the "Offering") of 4,850,000 common shares priced
at $9.00 per share for total gross proceeds of $43,650,000.
"NexJ's Initial Public Offering is a sign of the positive momentum the
company is experiencing in each of our target markets and an indication
of our great potential going forward," says William M. Tatham, Chief
Executive Officer of NexJ. "By enabling organizations to tailor
solutions to specific needs, seamlessly integrate with existing systems
and ensure security of customer information, NexJ's enterprise private
cloud software provides benefits beyond the traditional ease of
adoption and simplified infrastructure management offered by other
The Offering was made through a syndicate of underwriters co-led by GMP
Securities L.P. and Canaccord Genuity Corp., and including Raymond
James Ltd., RBC Dominion Securities Inc., Scotia Capital Inc., TD
Securities Inc., and NCP Northland Capital Partners Inc.
NexJ has granted the Underwriters an over-allotment option (the
"Over-Allotment Option"), exercisable for a period of 30 days after the
closing date of the Offering, to purchase up to a total of 727,500
additional common shares at the offering price to cover
over-allotments, if any, made by the Underwriters in connection with
the Offering and for market stabilization purposes. If the
Over-Allotment Option is exercised in full, the total gross proceeds of
the Offering will be $50,197,500.
It is expected that the common shares will be listed and commence
trading today on the Toronto Stock Exchange under the symbol "NXJ".
No securities regulatory authority has either approved or disapproved of
the contents of this news release. The securities being offered have
not been, and will not be, registered under the United States
Securities Act of 1933, as amended, or any state securities laws, and
may not be offered or sold in the United States unless pursuant to an
exemption therefrom. This press release is for information purposes
only and does not constitute an offer to sell or a solicitation of an
offer to buy any securities of NexJ Systems Inc. in any jurisdiction.
About NexJ Systems Inc.
NexJ is a leading enterprise private cloud software company, delivering
customer relationship management (CRM) solutions for financial
services, insurance, and healthcare industries. Enterprise private
cloud is an evolution of cloud computing that leverages the ease of
adoption and simplified infrastructure management benefits of cloud
deployment while delivering further value through the ability to tailor
the solution to specific lines of business, seamlessly integrate with
existing systems and ensure security of customer information.
NexJ was founded by an executive management team with extensive
experience in the successful design and delivery of large-scale,
integrated, enterprise software solutions. For more information about
NexJ Systems call 416-222-5611, e-mail email@example.com, or visit www.nexj.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. These
forward-looking statements include, but are not limited to our plans,
objectives, expectations and intentions and other statements contained
in this press release that are not historical facts as well as
statements identified by words such as expects, anticipates, intends,
plans, believes, seeks, estimates, or words of similar meaning. These
statements are based on a number of factors, estimates and assumptions
that, while considered reasonable by us, are inherently subject to
significant uncertainties and changes in circumstances, many of which
are beyond our control. These risks and uncertainties could cause our
actual plans, objectives, expectations and intentions to differ
materially from our plans, objectives, expectations and intentions
expressed or implied by the forward-looking statements. Except as
required by law, we undertake no obligation to update or revise
publically any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which the
statements are made or to reflect the occurrence of unanticipated
SOURCE NexJ Systems Inc.
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