Basis100 Completes Bought Deal Financing

On May 2, 2002, Basis100 Inc. entered into a $10 million bought deal financing with an underwriting syndicate comprised of Griffiths McBurney & Partners, CIBC World Markets Inc. and Haywood Securities Inc. Pursuant to the deal, Basis100 agreed to sell 3,333,334 units, each unit consisting of one common share in the capital of Basis100 and one common share purchase warrant, at $3 per unit.

Basis100 was represented by Fraser Milner Casgrain LLP, with a team that included Victor Hum, Heather Zordel, Graham Turner, Peter Bouzalas and David Hanick. Gil Cornblum of Dorsey & Whitney LLP represented Basis100 in the U.S. Rob Wortzman, Susan Thomson and Derek Sigel of Wildeboer Rand Thomson Apps & Dellelce, LLP acted for the underwriting syndicate.