/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./
CALGARY, Nov. 26, 2013 /CNW/ - Solium Capital Inc. ("Solium" or the
"Company") (TSX: SUM) has completed its previously announced short form
prospectus offering, including the exercise in full of the
underwriters' over-allotment option. A total of 3,565,920 common shares
have been issued at a price of $6.45 per common share for aggregate
gross proceeds to Solium of $23,000,184.
The syndicate of underwriters was co-led by GMP Securities L.P.
Canaccord Genuity Corp. and Laurentian Bank Securities Inc. and
included PI Financial Corp. and M Partners Inc.
The net proceeds from the offering will initially be added to the
Company's working capital and will subsequently be applied to fund
acquisitions and geographic expansion in furtherance of the Company's
business plan and for general corporate purposes.
This press release is not an offer or a solicitation of an offer of
securities for sale in the United States. The Common Shares have not
been and will not be registered under the U.S. Securities Act of 1933,
as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration.
Solium Capital Inc. provides cloud‐enabled services for global
equity‐based incentive plans administration, financial reporting and
compliance. From operation centers in the United States, Canada, the
United Kingdom and Australia, our innovative software‐as‐a‐service
(SaaS) technology powers share plan administration and equity
transactions for more than 3,000 corporate clients with employee
participants in more than 150 countries. Follow us @ Solium and visit
us at solium.com.
Forward Looking Information
Certain information included herein is forward-looking, within the
meaning of applicable Canadian securities laws. Such information is
typically identified by words such as "anticipate", "believe", "could",
"estimate", "expect", "plan", "intend", "forecast", "future",
"guidance", "may", "predict", "project", "should", "strategy",
"target", "will" or similar expressions suggesting future outcomes.
Forward-looking information in this news release includes the use of
the net proceeds of the offering. Solium believes the expectations
reflected in such forward-looking information are reasonable but no
assurance can be given that these expectations will prove to be correct
and such information should not be unduly relied upon.
Forward-looking information is not a guarantee of future performance. By
its very nature, forward- looking information involves inherent
assumptions, risks and uncertainties, both general and specific, and
risks that predictions, forecasts, projections and other
forward-looking information will not be achieved. These risks include,
but are not limited to, risks associated with the ability to satisfy
regulatory and commercial closing conditions of the offering, the
uncertainty associated with accessing capital markets and the risks
related to the operating and financial results of Solium's businesses
including those identified in Solium's 2013 Annual Information Form
under the heading "Risk Factors". Should one or more of these risks and
uncertainties materialize, or should assumptions described above prove
incorrect, Solium's actual performance and results in future periods
may differ materially from any projections of future performance or
results expressed or implied by such forward-looking information. We
caution readers not to place undue reliance on this information as a
number of important factors could cause the actual results to differ
materially from the beliefs, plans, objectives, expectations and
anticipations, estimates and intentions expressed in such
Forward-looking information contained in this news release is provided
for the purpose of providing information about management's goals,
plans and range of expectations for the future and may not be
appropriate for other purposes. Any forward-looking information is made
as of the date hereof and, except as required by law, Solium does not
undertake any obligation to publicly update or revise such information
to reflect new information, subsequent or otherwise.
SOURCE: Solium Capital Inc.
For further information:
Aaron Kabucis, CFA
TMX | Equicom
416.815.0700 x 230