The Caisse de dépôt et placement du Québec acquires a convertible debenture issued by MonoGen Inc.



    MONTREAL, Sept. 17 /CNW Telbec/ - The Caisse de dépôt et placement du
Québec (the "Caisse") announces that it has purchased, by way of private
placement, a CDN $7 million, 8% senior unsecured convertible debenture (the
"Debenture") issued by MonoGen inc. (TSX: MOG) ("MonoGen" or the "Company").
    The Debenture will mature on the earlier of (i) June 17, 2009, (ii) the
closing date of a public offering or private placement described in the next
paragraph, subject to extension and certain other customary conditions.
    The Debenture is mandatorily convertible into MonoGen's common shares
(and warrants, if any) on the closing date of a public offering or private
placement of MonoGen common shares in excess of an agreed threshold. The
conversion price will be equal to the purchase price paid per MonoGen common
share (and warrant, if any) in that public offering or private placement, if
any.
    The exact number of common shares issuable by MonoGen upon conversion of
the Debenture is not determinable, given the fact that the conversion price of
the Debenture depends on the terms of public offering or private placement, if
any, on which the conversion is contingent.
    The Debenture and any common shares and other securities issued on
conversion are subject to resale restrictions for four months from
September 17, 2008.
    Before this transaction, the Caisse held 20,598,545 common shares or
10.69% of such shares outstanding and 2,000,000 warrants exercisable into
2,000,000 common shares of MonoGen, at a price of CDN $1.40 per share, for a
period of two years following April 16, 2008.
    If the Caisse were to exercise its privilege with respect to the warrants
it already owns, its holding would represent a total of 22,598,545 common
shares of MonoGen, or 11.60% of such shares outstanding, on a partially
diluted basis, as of September 16, 2008.
    This transaction was made for investment purposes and the Caisse could
increase or decrease its investment in MonoGen, depending on market conditions
or any other relevant factor.




For further information:

For further information: Claire Fiset, Caisse de dépôt et placement du
Québec, (514) 847-2175


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