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Hydrogenics Corp (Canada:HYG-TC)
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By: Dart45
04 Feb 2004, 10:19 AM CST
Rating: post rating 5
Msg. 325 of 355
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Stuart Energy Files Final Prospectus in Connection with CDN$21 Million Public Offering of Common Shares

(...looks like this puppy is running out of money! IMO)

TORONTO, ONTARIO--Stuart Energy Systems Corporation (TSX: HHO) announced today that it has filed, subject to regulatory review, a final short form prospectus with applicable Canadian provincial securities regulatory authorities in connection with the Company's previously announced proposed public offering of common shares. The prospectus qualifies the issuance of 7,000,000 common shares of the Company at CDN$3.00 per share.

The total gross proceeds to the Company are expected to be CDN$21 million, excluding the exercise of the over-allotment option. The offering is expected to close on February 12, 2004. National Bank Financial Inc. is the lead manager for the offering, and CIBC World Markets Inc. and RBC Dominion Securities Inc. are co-managers.

The Company has granted the underwriters an option to purchase up to an additional 1,050,000 common shares at CDN$3.00 per share to cover over-allotments, if any.


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