Cymbria Corp. announces exercise of over-allotment option
Cymbria Corp. Announces Exercise of Over-Allotment Option
This press release is not for distribution in the United States.
Toronto, December 1, 2008: EdgePoint Investment Group Inc., the manager of Cymbria Corporation (the “Company”), is pleased to announce the exercise by BMO Capital Markets, on behalf of the syndicate of agents, of the over-allotment option granted to them in connection with the Company’s initial public offering of class A shares (“Shares”) that closed on November 4, 2008. As a result of the exercise of the over-allotment option 1,208,502 Shares were issued for aggregate gross proceeds of $12,085,020. This brings the gross proceeds raised in the initial public offering and the private placement of class J shares to $233,909,630. The Shares are listed on the Toronto Stock Exchange under the symbol CYB.
Cymbria’s investment objective is to provide shareholders with long-term capital appreciation through an actively managed portfolio comprised primarily of global equity securities and a 23% interest in EdgePoint Wealth Management Inc., a wealth management company formed by EdgePoint, a company controlled by Tye Bousada, Patrick Farmer, Robert Krembil and Geoff MacDonald.
The syndicate of agents is co-led by BMO Capital Markets and CIBC World Markets Inc. and includes RBC Capital Markets, Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc., Dundee Securities Corporation, Blackmont Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Industrial Alliance Securities Inc., Raymond James Ltd., Richardson Partners Financial Limited, Desjardins Securities Inc., GMP Securities L.P., M Partners Inc., Manulife Securities Incorporated and Wellington West Capital Markets Inc.
For information concerning Cymbria or the Public Offering please refer to the final prospectus, a copy of which may be obtained from your financial advisor. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any jurisdiction in which the securities are not qualified for sale.
For further information please contact Patrick Farmer at (416) 963-9353.