JumpTV announces completion of US$100,000,000 common share offering
February 23, 2007
TORONTO, Feb. 23 /CNW/ - JumpTV Inc. ("JumpTV" or, the "Company") (AIM:JTV) (TSX:JTV) announced today that it has completed the previously announced public offering (the "Offering") of 13,043,479 of its common shares the ("Common Shares") with a syndicate of underwriters led by joint bookrunners Canaccord Capital Corporation and Morgan Stanley Canada Limited and including Paradigm Capital Inc., Loewen, Ondaatje, McCutcheon Limited and GMP Securities L.P. (collectively, the "Underwriters"). Panmure Gordon (Broking) Limited provided UK and European capital markets advice in addition to advice received by JumpTV from the Underwriters. The TSX has conditionally approved the listing of the Common Shares subject to the Offering and application has been made for admission of the Common Shares for trading on AIM, with admission to AIM expected to occur on Monday, February 26, 2007.
Gross proceeds of the Offering are C$117,391,311 (US$100,000,000). The Company has granted the Underwriters an over-allotment option (the "Over-Allotment Option"), exercisable for a period of 30 days following the closing of the Offering, to purchase up to 1,956,521 additional common shares. If the Over-Allotment Option is exercised in full, then JumpTV will receive aggregate gross proceeds of approximately C$135,000,000 (US$115 million).