June 11, 2010
ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T) completed a brokered offering (the “Offering”) for aggregate gross proceeds of $11,500,000. The Offering consisted of the sale of 44,230,768 Units at a per Unit price of $0.26 per Unit. The Agents, led by NCP Northland Capital Partners Inc. (formerly Sandfire Securities Inc.) and including Raymond James Ltd., elected to exercise in full the over-allotment option to sell an additional 5,769,231 Units. The offering was completed pursuant to a prospectus supplement dated June 4, 2010 to the Company’s September 29, 2009 base shelf prospectus.
Wildeboer DellelceLLP acted for the Agents in connection with the offering with a team that included Charlie Malone, Alexandra Vazquez (corporate/securities) and Andrea Shreeram (tax).