May 26, 2006
Sirit Inc. (TSX:SI), a leading provider of radio frequency identification (RFID) technology, completed an equity offering of 42,500,000 common shares at a price of $0.26 per common share, for total gross proceeds of $11,050,000. On June 9, 2006, Sirit raised an additional $1,560,000 through the issuance of 6,000,000 common shares pursuant to the exercise of the underwriters’ over-allotment option in respect of the offering. The syndicate of underwriters was co-led by GMP Securities L.P. and Wellington West Capital Markets Inc. and included Dundee Securities Corporation, Haywood Securities Inc. and MGI Securities Inc.
Wildeboer Dellelce LLP represented the Underwriters with a team that included Robert Wortzman, James Brown, Lisa Cunningham and Ashleigh Frankel (corporate/securities).