/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TORONTO, Nov. 29 /CNW/ - Kaboose Inc. (TSX:KAB), the largest independent
family-focused online media company in North America, today announced that it
has closed the previously announced acquisition of Bounty Group Limited and
offering of common shares of the Company. The common shares were sold on a
bought deal basis to a syndicate of underwriters co-led by GMP Securities L.P.
and RBC Capital Markets, which also included Cormark Securities Inc., Dundee
Securities Corporation, Canaccord Adams, Genuity Capital Markets, Jennings
Capital Inc., Merrill Lynch Canada Inc. and National Bank Financial Inc.
(collectively, the "Underwriters") at a purchase price of $2.75 per common
share for aggregate gross proceeds of approximately $115 million (the
"Offering"). Kaboose has granted to the Underwriters an option, exercisable
for a period of 30 days following the closing of the Offering, to purchase
from Kaboose up to an additional 10% of the common shares issued under the
Offering, on the same terms and conditions, to cover over-allotments and for
market stabilization purposes. Kaboose used substantially all of the net
proceeds of the Offering to pay the cash portion of the purchase price for
The common shares issued and sold under the Offering were offered by way
of a short form prospectus filed in all of the provinces and territories in
Canada, except the province of Quebec, and sold into the United States on a
private placement basis pursuant to applicable prospectus exemptions under the
United States Securities Act of 1933.
About Kaboose Inc.
Kaboose is the largest independent, family-focused online media company
in North America and one of the top-five most visited family destinations
online. From pregnancy to parenting, birthday parties to scrapbooking, and
entertainment to education, Kaboose has the content and applications to help
parents plan and share their family life. Kaboose owns some of the world's
leading online properties targeting families, including BabyZone.com,
ParentZone.com, Kaboose.com, AmazingMoms.com, TwoPeasInABucket.com,
BubbleShare.com, BirthdayInABox.com, Funschool.com and Zeeks.com. Kaboose
trades on the Toronto Stock Exchange under the symbol "KAB."
This document may contain forward-looking statements, relating to Kaboose
Inc.'s operations or to the environment in which it operates, which are based
on Kaboose Inc.'s operations, estimates, forecasts and projections. These
statements are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond Kaboose Inc.'s
control. A number of important factors could cause actual outcomes and results
to differ materially from those expressed in these forward-looking statements.
Consequently, readers should not place any undue reliance on such
forward-looking statements. Kaboose Inc. disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
For further information:
For further information: Jonathan Pollack, Chief Financial Officer for
Kaboose Inc. at TEL: (416) 593-3000 ext. 290, FAX: (416) 593-4658