QUEBEC CITY, Nov. 28, 2013 /CNW Telbec/ - WANTED Technologies
Corporation (the "Corporation") (TSXV: WAN) announces that its shareholders, Desjardins Venture
Capital L.P. ("Desjardins Venture Capital") and Desjardins-Innovatech L.P. ("Desjardins-Innovatech"), both limited partnerships of which Desjardins Venture Capital Inc.
is the general partner, have entered into a bought-deal letter (the "Bought-Deal Letter") with GMP Securities L.P. and Desjardins Securities Inc. (the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a
"bought-deal" basis, all of the Corporation's common shares (the "Common Shares") held by Desjardins Venture Capital and Desjardins-Innovatech (the "Secondary Sale"), representing approximately 37.44% of currently outstanding Common
As part of the Secondary Sale, and pursuant to the terms of the
Bought-Deal Letter, the Underwriters will purchase and resell, on a
private placement basis, (i) 5,513,252 Common Shares held by
Desjardins-Innovatech, and (ii) 3,478,006 Common Shares held by
Desjardins Venture Capital, representing all the Common Shares held by
Desjardins-Innovatech and Desjardins Venture Capital.
Following the closing of the Secondary Sale, Desjardins-Innovatech and
Desjardins Venture Capital will no longer hold any Common Shares.
Desjardins Venture Capital and Desjardins-Innovatech announced that they
expect that the Closing of the Secondary Sale will occur on or about
December 11, 2013, subject to customary closing conditions.
About WANTED Analytics™
WANTED Analytics™ helps recruiting organizations make better decisions faster with
real-time business intelligence on jobs, employers, and talent. Analytics™ brings together, for the first time, years of hiring demand and talent
supply data to create a true talent intelligence platform for
Clients in the staffing, HR, RPO, media, and government sectors use
WANTED Analytics™ to find sales leads, analyze employment trends, gather competitive
intelligence, forecast economic conditions, and source hard-to-fill
About WANTED Technologies Corporation
WANTED Technologies (TSX-V:WAN) provides real-time business intelligence
for the talent marketplace. Founded in 1999, the company's headquarters
are in Quebec City, Canada, and it maintains a US-based subsidiary with
primary offices in New York City. WANTED began collecting detailed
Hiring Demand data in June 2005, and currently maintains a database of
more than 800 million unique job listings. For more information or to
sample WANTED's services, visit www.wantedanalytics.com.
WANTED is also the exclusive data provider for The Conference Board's
Help Wanted OnLine Data Series®, the monthly economic indicator of
Hiring Demand in the United States.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. Any statement that appears prospective
shall not be interpreted as such.
SOURCE: Wanted Technologies Corp.
For further information:
Mr. Bruce Murray, President and CEO
Tel: (418) 523-6663, ext. 222
Mr. Martin Auclair, VP Finance and CFO
Tel: (418) 523-6663, ext. 337