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Canam Group completes US$69 million public offering of convertible debentures

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Canam Group Inc.

On October 21, 2010, Canam Group Inc. (TSX: CAM) announced that it had completed its previously announced public offering of convertible unsecured subordinated debentures. The offering was underwritten on a "bought deal" basis by a syndicate of underwriters led by BMO Capital Markets and National Bank Financial Inc. and which included GMP Securities L.P., Raymond James Ltd. and Desjardins Securities Inc. As a result of the exercise on closing of the over-allotment option granted to the underwriters, the total gross proceeds of the offering were $69 million. Canam Group is a leader in the design and fabrication of construction products and solutions and a leading provider of design-build and building information modeling (BIM) services. The company operates more than 25 manufacturing plants and engineering offices in Canada, the United States, Romania, India and China, and has partnerships with companies in Saudi Arabia, the United Arab Emirates and China. Canam Group was advised in this transaction by Fasken Martineau with a team that included Jean-Pierre Chamberland, Gabriel Castiglio and Constantinos Ragas (corporate/securities) and Thomas Copeland (tax).



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