VANCOUVER, Feb. 21, 2012 /CNW/ - Westport Innovations Inc. (TSX: WPT)
(NASDAQ: WPRT), announced today that it is offering to sell, subject to
market and other conditions, 5,000,000 of its common shares in the
United States and Canada pursuant to a preliminary prospectus
supplement to its base shelf prospectus originally dated January 3,
2012. Copies of the U.S. preliminary prospectus supplement can be
accessed through the SEC's website at www.sec.gov, and copies of the Canadian preliminary prospectus supplement are
available at www.sedar.com.
Morgan Stanley & Co. LLC and Jefferies & Company, Inc. are the joint
bookrunners for the offering. The common shares issued under the
offering will be listed on The NASDAQ Global Market. Westport has
applied to list the common shares issued under the offering on the
Toronto Stock Exchange, which listing will be subject to fulfillment of
all of the listing requirements of the exchange.
The offering will be made only by means of Westport's preliminary
prospectus supplement and accompanying short form base shelf
prospectus. Copies of the United States preliminary prospectus
supplement, when available, may be obtained from: Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor,
New York, NY 10014, or by telephone at (866) 718-1649 (toll free), or
by e-mail at email@example.com; or Jefferies & Company, Inc., Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 12th Floor, New York, NY, 10022, or by
telephone at 877-547-6340 (toll free), or by email at Prospectus_Department@Jefferies.com.
Copies of the Canadian preliminary prospectus supplement, when
available, may be obtained by contacting Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014, or by telephone at (866) 718-1649 (toll free), or by
e-mail at firstname.lastname@example.org.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
common shares of Westport in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
Note: This document contains forward-looking statements about Westport's
future capital raising intentions, business, operations, technology
development or the environment in which it operates, which are based on
Westport's estimates, forecasts and projections. These statements are
not guarantees of future performance, involve risks and uncertainties
that are difficult to predict, or are beyond Westport's control and are
based on a number of assumption that may cause actual results,
performance or achievements to be materially different from any
results, performance or achievements implied by these forward looking
statements. These risks and assumptions include risks and assumptions
related to our revenue growth, operating results, industry and
products, the general economy, conditions of and access to the capital
and debt markets, governmental policies and regulation, fluctuations in
foreign exchange rates as well as other risk factors and assumptions that may affect our actual results, performance or
achievements or financial position discussed in our most recent Annual
Information Form and other filings with securities regulators.
Consequently, readers should not place any undue reliance on such
forward-looking statements. In addition, these forward-looking
statements relate to the date on which they are made. Westport
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE Westport Innovations Inc.
For further information:
Vice President, Investor Relations & Communications
Westport Innovations Inc.