New Issue: Logibec wraps C$23.49 million stock sale; greenshoe partially exercised

By Devika Patel

Knoxville, Tenn., Dec. 11 - Logibec Groupe Informatique Ltd. said it has raised C$23.49 million in a private placement of shares. The deal priced on Nov. 23 for C$22.52 million with a C$1.95 million greenshoe.

The company sold 1,155,000 common shares at C$19.50 per share on a bought-deal basis.

Acumen Capital Finance Partners Ltd. was the agent. Acumen had a greenshoe for 100,000 shares, or C$1.95 million, which it partially exercised by buying another 49,700 shares for C$969,150.

A total of 1,204,700 shares were sold.

Proceeds will be used to repay debt and support the company's growth strategy in the United States.

Based in Montreal, Logibec develops information systems for the health and social services sector.

Issuer:	Logibec Groupe Informatique Ltd.
Issue:	Flow-through common shares
Amount:	C$23,491,650, including C$929,150 from greenshoe
Shares:	1,204,700, including 49,700 shares of greenshoe
Greenshoe:	100,000 shares, including 49,700 shares already exercised
Price:	C$19.50
Warrants:	No
Agent:	Acumen Capital Finance Partners Ltd.
Pricing date:	Nov. 23
Settlement date:	Dec. 11
Stock symbol:	Toronto: LGI
Stock price:	C$20.25 at close Nov. 23

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