5N Plus Inc. Issues Additional Shares on Exercise of Over-Allotment Option



    /This release is intended for distribution in Canada only and is not
    intended for distribution to United States newswire services or for
    dissemination in the United States/

    
    - 5N Plus Inc. Issues 1.5 Million Additional Shares for Proceeds of
      $4.5 Million

    - Increases Total Size of Initial Public Offering to $66.5 Million

    MONTREAL, Dec. 21 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) announced today
that it has issued 1,500,000 additional common shares following the exercise
in full of an over-allotment option by the underwriters of 5N Plus' initial
public offering. The 1,500,000 additional shares were issued at the offering
price of $3.00 per share, for gross proceeds to 5N Plus of $4.5 million.
    At the closing of the initial public offering held yesterday, December 20,
2007, 5N Plus issued 10,000,000 common shares for gross proceeds to it of $30
million. As a result of the exercise in full of the over-allotment option, 5N
Plus raised a total of $34.5 million in its initial public offering, by
issuing a total of 11,500,000 common shares.
    The 1,500,000 additional common shares were sold to a syndicate of
underwriters led by National Bank Financial Inc. and including GMP Securities
L.P., Blackmont Capital Inc., MGI Securities Inc. and Laurentian Bank
Securities Inc. The net proceeds from the exercise of the over-allotment
option will be used by 5N Plus for general corporate purposes and working
capital.
    At the initial closing of the offering held on December 20, II-VI
Incorporated of Saxonburg, Pennsylvania, a minority shareholder, sold
10,671,801 common shares for gross proceeds to II-VI Incorporated of
$32 million. As a result, II-VI Incorporated (NASDAQ GS:IIVI) does not hold
any shares of 5N Plus. The exercise of the over-allotment option has brought
the total size of the initial public offering and secondary offering to
$66,515,403.
    Following the exercise of the over-allotment option, there are
41,500,000 common shares of 5N Plus issued and outstanding.
    The common shares of 5N Plus have not been registered under the United
States Securities Act of 1933, as amended, and subject to certain exceptions,
may not be offered or sold within the United States.

    About 5N Plus Inc.

    5N Plus draws its name from the purity of its products, 99.999% (five
nines or 5N) and more. 5N Plus, which has its head office in Montreal, Québec,
develops and produces high-purity metals and compounds for electronic
applications and provides its customers with recycling solutions. The Company
is an integrated producer with both primary and secondary refining
capabilities. 5N Plus focuses on specialty metals such as tellurium, cadmium
and selenium and on related compounds such as cadmium telluride and cadmium
sulphide. The Company's products are critical precursors in a number of
electronic applications, including the rapidly-expanding solar (thin-film
photovoltaics) market, for which 5N Plus is a major supplier of cadmium
telluride, and the radiation detector market.

    Additional information about 5N Plus is available on its Web site at
www.5nplus.com.
    




For further information:

For further information: Jacques L'Ecuyer, President and Chief Executive
Officer, 5N Plus Inc., (514) 856-0644, Jacques.Lecuyer@5nplus.com


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