SRT Equity Issue

Montreal based SR Telecom Inc. (SRT) has returned to the equity markets and has completed an equity issue of $48.9 Million of Common Shares on July 11, 2000.

The share issue is the second public offering by SRT this year and was placed by the syndicate of underwriters led by Newcrest Capital Inc. and including CIBC World Markets Inc., National Bank Financial Inc. and Yorkton Securities Inc. at a price of $8.10 per common share.

Legal advice to SRT was provided by Peter Villani, Sabah Mirza and Stéphanie Lapierre of the Montreal office of Fasken Martineau DuMoulin LLP. James Scarlett and Shawn Beber of Torys represented the underwriters.