Systems Xcellence Inc. completes public offering of 3,200,000 common shares for gross proceeds of US$38.7 million.

Publication: PR Newswire

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COPYRIGHT 2006 PR Newswire Association LLC

MILTON, ON, June 30 /PRNewswire-FirstCall/ -- Systems Xcellence Inc. ("SXC" or the "Company") announced today that it has completed its previously announced public offering of 3,200,000 common shares. The common shares were sold in the United States and Canada at a public offering price of US$12.08 per share in the US and Cdn$13.50 per share in Canada. The offering resulted in total gross proceeds to the Company of approximately US$38.7 million.

In addition, the Company has granted to the underwriters an option to purchase an additional 480,000 common shares to cover over-allotments, if any.

UBS Investment Bank acted as the sole book running manager for the offering. JP Morgan acted as co-lead manager and William Blair & Company, SunTrust Robinson Humphrey, Sprott Securities, Orion Securities and Clarus Securities were co-managers. Copies of the prospectuses relating to this...

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