MONTREAL, Oct. 4, 2013 /CNW Telbec/ - The Caisse de dépôt et placement
du Québec (the "Caisse") announced that, under the terms of a subscription agreement, it has
subscribed for 6,000,000 units of SENSIO Technologies Inc. ("SENSIO" or the "Corporation") (TSXV: SIO).
Sensio Technologies is a Québec company active in the industry of 3D
broadcasting for cinema and television. Over the years, Sensio has
developed various patented technologies designed to transport and
decode 3D content.
Each unit, at a price of CA$0.10, consists of one common share in the
share capital of the Corporation ("Common share") and one common share
purchase warrant ("Warrant") of the Corporation.
Each Warrant gives the right to acquire one additional Common share of
SENSIO at an exercise price of $0.18 per common share at any time until
October 4, 2015.
This subscription was made through a private placement under the
accredited investor exemption provided by applicable securities
Prior to this transaction, the Caisse held 5,724,393 common shares of
the Corporation's share capital.
Following this transaction and taking into account the potential
exercise of Warrants for Common shares, the Caisse could hold a total
of 17,724,393 common shares of the Corporation, representing 19.82% of
all such common shares issued and outstanding on a partially diluted
The Caisse may increase or decrease its interest in SENSIO based on
market conditions or other relevant factors.
This news release is issued in accordance with the early warning
requirements stipulated by securities regulation, which require that
investors, including the Caisse, issue and file a news release and a
report, when they acquire beneficial ownership of securities with
voting rights that would represent, with the securities they already
hold, 10% or more of the outstanding shares of the class.
In accordance with the Early Warning System, a copy of this news release
and the report will be filed with the applicable Canadian Securities
Administrators and will be available on SEDAR's website (www.sedar.com) and from the person referred to below.
SOURCE: Caisse de dépôt et placement du Québec
For further information:
Senior Director, Media and Public Relations