Canam Group Completes Offering of Convertible Unsecured Subordinated Debentures

On October 21, 2010, Canam Group Inc. completed a public offering of $69 million aggregate principal amount of 6.25 per cent Convertible Unsecured Subordinated Debentures on a bought deal basis at an offering price of $1,000 per debenture. The debentures have a maturity date of October 31, 2015 and are convertible for common shares of Canam Group Inc. at a conversion price of $12 per share.

Canam Group is a leader in the design and fabrication of construction products and solutions and a leading provider of design-build and building information modeling services.

The offering was made pursuant to a short form prospectus of Canam Group Inc. dated October 14, 2010, which was filed with the securities regulatory authorities in all provinces and territories of Canada, except Nunavut.

Net proceeds resulting from the offering will be used by Canam Group Inc. to repay indebtedness and the balance of the net proceeds, if any, will be used for general corporate purposes.

The offering was underwritten by a syndicate of underwriters led by BMO Capital Markets and National Bank Financial Inc., and including GMP Securities L.P., Raymond James Ltd. and Desjardins Securities Inc.

Canam Group Inc. was represented in-house by Louis Guertin, Vice President, Legal Affairs and Secretary, and assisted by Fasken Martineau DuMoulin LLP, with a team that included Jean-Pierre Chamberland, Gabriel Castiglio and Constantinos Ragas (corporate/securities) and Thomas Copeland (tax).

The underwriters were represented by Stikeman Elliott LLP, with a team that included André Roy, Pierre-Yves Leduc and Marie-Ève Ferland (corporate/securities) and Christian Meighen (tax).