On March 23, 2000 EZENET Corporation, a leading provider of back-end software and IT solutions for Canadian financial institutions, announced that it had closed its offering of 4,444,500 Special Warrants at $11.25 per warrant, for gross proceeds of $50 million. The proceeds of the offering will be used to further develop the banking software, and front-end wireless and Internet solutions for banks and financial service companies that complement EZENET’s existing back-end infrastructure. The financing was completed by a syndicate of investment dealers led by Octagon Capital Corporation and included Salman Partners Inc. and Acumen Capital Finance Partners Limited.
Legal advice to EZENET was provided by Calgary’s Burnet, Duckworth & Palmer, represented by Daryl Fridhandler and Arlene Strom. Acting for the Syndicate was Goodman Phillips & Vineberg represented by Allan Goodman, Shevaun McGrath and Mark Spiro.