Placements CMI Inc. acquires common shares of Canam Group

SAINT-GEORGES, QC, Nov. 24, 2011 /CNW Telbec/ - Placements CMI Inc., an entity indirectly controlled by Marcel Dutil, announces that it has acquired on the market 935,000 common shares of Canam Group Inc. on November 24, 2011 at a price of $2.87 per share, for an aggregate consideration of $2,683,450 and representing 2.10% of the issued and outstanding common shares of Canam Group Inc. as at November 24, 2011. This acquisition brings its total shares held, together with those held by its wholly-owned subsidiary, 9085-6063 Québec Inc., to 6,791,039, representing 15.31% of the issued and outstanding common shares of Canam Group Inc. The acquisition was made for investment purposes and Placements CMI Inc., 9085-6063 Québec Inc. and Marcel Dutil, may acquire additional securities, or dispose of their holdings in Canam Group Inc., as investment conditions warrant. Placements CMI Inc. has its head office at 11 535, 1re Avenue, suite 500, Saint-Georges, Québec, G5Y 7H5, Canada.

About Canam Group Inc.
Canam Group is a leader in the design and fabrication of construction products and solutions and a leading provider of design-build and virtual design and construction services. The company operates more than 25 manufacturing plants and engineering offices in Canada, the United States, Romania, India and China, and has partnerships with companies in Saudi Arabia, the United Arab Emirates and China.

SOURCE CANAM GROUP INC.

For further information:

François Bégin
Vice President, Communications
Tel.: 418 228-8031
Email:  francois.begin@canamgroup.ws
  www.canamgroup.ws

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CANAM GROUP INC.

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