Rutter closes Hinz Automation acquisition and associated private placement for US$12.1 million

On June 7, 2007, Rutter Inc. a global technology, engineering and automation enterprise, announced that it had closed the private placement and all associated transactions regarding the acquisition of Western Canada headquartered Hinz Automation. Rutter closed the private placement at $12,112,286 or 18,634,286 units. Each unit was offered at $0.65 and was comprised of one common share and 1/2 warrant; each whole warrant entitling the holder to purchase one Rutter share at $0.80 for a period of 18 months from closing. Rutter was advised in this acquisition by a team from Fasken Martineau comprised of Alfred Apps, Bozidar Crnatovic and Krisztian Toth.