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5N Plus completes US$46.2 million equity financing

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National Bank of Canada

On April 29, 2008, 5N Plus Inc. (TSX:VNP) completed its previously-announced "bought deal" public offering of 4 million common shares at a price of $11.55 per share, for total proceeds of $46.2 million. The net proceeds from the offering will be used by 5N Plus for general corporate purposes, including working capital, capital expenditures and possible future acquisitions. The common shares were sold to a syndicate of underwriters led by National Bank Financial Inc. and including GMP Securities L.P., Blackmont Capital Inc., MGI Securities Inc. and Laurentian Bank Securities Inc. The offering was made by way of short form prospectus filed with the securities commissions of each of the provinces of Canada, as well as in the United States under applicable registration statement exemptions. The underwriting syndicate was advised by a team from Fasken Martineau that included Jean-Pierre Chamberland, Gabriel Castiglio and Nicolas Morin.



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