May 12, 2009
Enablence Technologies Inc. (TSX-V:ENA), a leading supplier of fiber-to-the-home (FTTH) equipment for triple-play residential and business services and optical components and subsystems for access, metro and long haul markets, completed an offering of 46,000,000 common shares (including 6,000,000 common shares issued pursuant to the exercise by the agents of the over-allotment option in full), at a price of $0.30 per share for gross proceeds of $13,800,000.
The syndicate of agents was led by Paradigm Capital Inc., and included Haywood Securities Inc. and Raymond James Ltd. Wildeboer Dellelce LLP acted for the agents with a team including Robert Fonn, Troy Pocaluyko, Joanne Sanci, Rebecca Ma (corporate/securities) and Kevin Fritz (tax).