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Automodular completes public and secondary offering for US$7.8 million

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Automodular Corporation

On November 2, 2007, Automodular Corporation completed a public offering of 3,900,000 common shares, including the exercise in full by the underwriters of the over-allotment option on closing, for gross proceeds of $7,800,000. In addition, 3,000,000 common shares were sold by Scotia Merchant Capital Corporation pursuant to a secondary offering. The offering of the common shares was qualified by short form prospectus filed in all provinces of Canada except Quebec and on a private placement basis in jurisdictions outside of Canada. A syndicate of underwriters led by GMP Securities L.P. and including Canaccord Capital Corporation acted in connection with the offering. Automodular Corporation is a supplier of sub-assembly, sequencing, transportation and logistics services to five Original Equipment Manufacturer plants in Ontario and Ohio. Automodular Corporation was represented by Fasken Martineau with a team composed of John Turner and Paula Amy Hewitt.



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