/NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES/
WOODBRIDGE, ON, June 14 /CNW/ - RuggedCom Inc. ("RuggedCom") announces
that it has filed a final prospectus with the securities regulatory
authorities in each of the provinces of Canada in connection with its
$40,040,000 initial public offering and secondary offering of its common
TD Securities Inc. and Genuity Capital Markets are co-lead managers of
the underwriting syndicate, which also includes Canaccord Capital Inc., CIBC
World Markets Inc. and GMP Securities L.P.
The prospectus qualifies a total of 3,080,000 common shares of which at
least 2,808,175 common shares will be issued from treasury and up to 271,825
common shares will be sold by certain shareholders (the "Selling
Shareholders") at a price of $13.00 per common share, for total gross proceeds
to RuggedCom of $36,506,275 and to the Selling Shareholders of $3,533,725. The
Offering is expected to close on June 21, 2007.
RuggedCom and the Selling Shareholders have granted the underwriters an
over-allotment option to purchase, in aggregate, up to an additional 462,000
common shares exercisable at $13.00 per common share.
The Toronto Stock Exchange (the "TSX") has conditionally approved the
listing of the common shares of RuggedCom under the symbol "RCM", subject to
RuggedCom fulfilling all of the requirements of the TSX on or before
September 11, 2007.
RuggedCom is a leading provider of rugged communications networking
solutions designed for mission-critical applications in harsh environments.
RuggedCom's robust technology solutions include Ethernet switches, network
routers, wireless devices, serial servers, media converters, software and
professional services. RuggedCom products are designed for use in harsh
environments such as those found in electrical power substations, oil
refineries, military applications, roadside traffic control cabinets and
metals and minerals processing. RuggedCom is well positioned to capitalize on
emerging trends within the rugged communications industry, including the
growing worldwide demand for IP-based communications networks suitable for
harsh environments and the global initiative to integrate communications
networks with electric power grids, known as "Smart Grids".
A copy of the final prospectus may be obtained from any member of the
underwriting syndicate and will be available on SEDAR (http://www.sedar.com)
under RuggedCom's profile.
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 these
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to the qualification under the securities law of such
jurisdiction, including the United States. RuggedCom's shares have not been
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.
For further information:
For further information: Pino Porciello, RuggedCom's Director of
Marketing, at (905) 266-1758