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Cassels Brock Acts For The Underwriters As Alexander Nubia International Inc. Completes $5 Million Offering

Published: 06/22/2011

By Chad Accursi, Nancy Choi, Myroslav Chwaluk

On May 17, 2011, Alexander Nubia International Inc. announced that it completed its previously announced offering of common shares of the Company. The Offering was made by way of a short form prospectus offering in all provinces of Canada other than Québec through a syndicate of underwriters led by Wellington West Capital Markets Inc. and including Cormark Securities Inc. and Industrial Alliance Securities Inc. (the "Underwriters"). An aggregate of 25,000,000 Common Shares were issued pursuant to the Offering at a price of $0.20 per share for total gross proceeds of $5,000,000.

Cassels Brock acted for the Underwriters with a team consisting of Chad Accursi (Securities & Mining), Nanci Choi (Securities & Mining) and Myroslav Chwaluk (Securities & Mining).