The Caisse de dépôt et placement du Québec acquires units of Sensio Technologies Inc.
MONTREAL, Oct. 4, 2013 /CNW Telbec/ - The Caisse de dépôt et placement du Québec (the "Caisse") announced that, under the terms of a subscription agreement, it has subscribed for 6,000,000 units of SENSIO Technologies Inc. ("SENSIO" or the "Corporation") (TSXV: SIO).
Sensio Technologies is a Québec company active in the industry of 3D broadcasting for cinema and television. Over the years, Sensio has developed various patented technologies designed to transport and decode 3D content.
Each unit, at a price of CA$0.10, consists of one common share in the share capital of the Corporation ("Common share") and one common share purchase warrant ("Warrant") of the Corporation.
Each Warrant gives the right to acquire one additional Common share of SENSIO at an exercise price of $0.18 per common share at any time until October 4, 2015.
This subscription was made through a private placement under the accredited investor exemption provided by applicable securities regulations.
Prior to this transaction, the Caisse held 5,724,393 common shares of the Corporation's share capital.
Following this transaction and taking into account the potential exercise of Warrants for Common shares, the Caisse could hold a total of 17,724,393 common shares of the Corporation, representing 19.82% of all such common shares issued and outstanding on a partially diluted basis.
The Caisse may increase or decrease its interest in SENSIO based on market conditions or other relevant factors.
This news release is issued in accordance with the early warning requirements stipulated by securities regulation, which require that investors, including the Caisse, issue and file a news release and a report, when they acquire beneficial ownership of securities with voting rights that would represent, with the securities they already hold, 10% or more of the outstanding shares of the class.
In accordance with the Early Warning System, a copy of this news release and the report will be filed with the applicable Canadian Securities Administrators and will be available on SEDAR's website (www.sedar.com) and from the person referred to below.
SOURCE Caisse de dépôt et placement du Québec