Redknee Solutions announces closing of special warrant financing for gross proceeds of US$45 million

On April 18, 2013, Redknee Solutions Inc. (TSX: RKN) completed the closing of its underwritten private placement of 14,538,500 special warrants at a price of $3.10 per special warrant for aggregate gross proceeds of $45,069,350, which includes 18,500 special warrants issued pursuant to the underwriters exercising their over-allotment option. The private placement was completed through a syndicate of underwriters co-led by GMP Securities L.P. and TD Securities Inc. and included Canaccord Genuity Corp. and M. Partners Inc. The underwriters were advised by a team from Fasken Martineau, including Rubin Rapuch, John Sabetti and Jeffrey Gebert (corporate/securities) and Mark Penner (intellectual property), with the assistance of students-at-law Justine Connelly and Robert Iaccino.