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   Name - Andromed Inc

    Website -

    Symbol - AD.RT

    Cusip Number - 03452W 12 2

    Expiry Date - Nov. 12, 2004

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Andromed rights offering

 

2004-10-13 15:27 MT - Rights Offering

Andromed Inc. will offer to shareholders of record on Oct. 21, 2004, rights to purchase shares of the company. One right will be issued for each common share held. One right and 18 cents are required to purchase one share. The expiry date for the rights offering is Nov. 12, 2004. As at Oct. 6, 2004, the company has 23,337,380 shares issued and outstanding.

Under a standby commitment agreement dated as of Oct. 6, 2004, SGF Sante Inc., Theratechnologies Inc., Gestion de portefeuille Natcan Inc. and SIPAR-Societe d'Investissements en Participations Inc. have agreed not to exercise their respective basic purchase rights or trade their rights. However, subject to certain conditions, they have agreed to purchase all the common shares not acquired by the rightsholders under the offering pursuant to the basic purchase rights or the supplemental purchase privilege, up to five million common shares. The maximum number of additional common shares that may be issued subsequent to the rights offering will be 5,244,978 shares.

Effective at the opening, Oct. 19, 2004, the shares of the company will trade ex-rights and the rights will commence trading at that time on a when-issued basis. The company is classified as a medical equipment company.

Summary

 

Basis of offering:  One right will be issued for each common share held. One right plus 18 cents will entitle the holder to subscribe for one common share.

 

Record date:  Oct. 21, 2004

Shares trade ex-rights:  Oct. 19, 2004

Rights called for trading:  Oct. 19, 2004

Rights trade for cash:  Nov. 9, 2004

Rights expire:  Nov. 12, 2004

Rights trading symbol:  AD.RT

Rights Cusip No.:  03452W 12 2

Subscription agent and trustee:  National Bank Trust Inc.

Authorized jurisdictions:  British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec

 

For further details, please refer to the company's rights offering circular dated Oct. 7, 2004, and amended rights offering circular dated Oct. 8, 2004. It is expected that the rights offering circular will be mailed to shareholders on Oct. 22, 2004.

The company's rights offering circular has been filed with and accepted by the British Columbia, Alberta, Saskatchewan, Manitoba and Ontario securities commissions and the Autorite des marches financiers pursuant to the provisions of the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec securities acts.