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Lumenpulse completes initial public offering

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Lumenpulse Inc.

On April 15, 2014, Lumenpulse completed its initial public offering of 6,250,000 common shares on the TSX at a price of C$16.00 for gross proceeds of C$100 million. The underwriters exercised the over-allotment option in full and in connection therewith, on April 17, 2014, an additional 937,500 common shares were issued at the same price for gross proceeds of C$15 million, resulting in total gross proceeds of C$115 million. The common shares were sold through a syndicate of underwriters composed of Canaccord Genuity Corp. and National Bank Financial Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc. and Raymond James Ltd. Lumenpulse designs, develops, manufactures and sells a wide range of high-performance and sustainable specification-grade LED lighting solutions for commercial, institutional and urban environment. Lumenpulse intends to use the net proceeds of the offering to strengthen its distribution and sales channels and increase its brand awareness, for new product development and introduction, to repay outstanding indebtedness, and for working capital and general corporate purposes as well as for making strategic acquisitions. Fasken Martineau acted as legal counsel to Lumenpulse with a team that included Peter Villani, Jean Michel Lapierre, Julie Emlinger, Caitlin Rose, Anabel Quessy, Joelle Simard and Marie-Christine Valois (Securities & Corporate Matters), Claude Jodoin (Tax), Chloé Archambault (Banking), Jean-Philippe Mikus (Intellectual Property).



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