MEGA Brands announces completion of CDN$110 million subscription receipt
offering
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
This offering was undertaken as part of a recapitalization transaction initiated by the Corporation and announced by way of a press release on
The proceeds of the offering, net of certain underwriter fees and other costs and expenses of the offering, will be held in accordance with the Subscription Receipt Indenture pursuant to which they are being issued and only released to the Corporation in accordance with the terms of that agreement on the effective date of the recapitalization.
As a result of this offering, the Corporation will issue CDN
The Class A subscription receipts and the Class B subscription receipts are listed on the
The Subscription Receipts, Debentures, Warrants and Common Shares offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
About MEGA Brands Inc.
MEGA Brands Inc. is a trusted family of leading global brands in construction toys, games & puzzles, arts & crafts and stationery. They offer engaging creative experiences for children and families through innovative, well-designed, affordable and high-quality products. Visit http://www.megabrands.com for more information.
The MEGA logo, Mega Bloks,
Forward-Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking information" within the meaning of applicable Canadian securities laws These statements represent the Corporation's intentions, plans, expectations and beliefs. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking information and statements are based on a number of assumptions and involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by them, including, but not limited to risks, assumptions and uncertainties described in the Corporation's preliminary short form prospectus in respect of the offering of Subscription Receipts as well as in the documents incorporated by reference therein including the Corporation's management's discussion and analysis for the year ended
For further information: For further information: Investor Contacts: Peter Ferrante, Chief Financial Officer, (514) 333-5555 ext. 2283; Eric Laniel, (514) 333-5555 ext. 2620; Media Contacts: Mark P. Girgis, Vice-President Legal Affairs, (514) 333-5555 ext. 2897; Carine Sroujian, (514) 333-5555 ext. 2669
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