Cambior Completes Public Offering

On August 12, 2003, Cambior Inc. completed a public offering of 40 million common shares and 20 million series C common share purchase warrants for aggregate proceeds of $100 million.

Cambior was represented in-house by André LeBel, senior legal counsel, Marc Dagenais, vice-president, legal, and Lucie Desjardins, corporate secretary and senior legal counsel; assisted by Lavery, de Billy with a team led by René Branchaud and including Alexandra Lee, Josianne Beaudry and Philip Nolan (tax), Johanne Duchesne (capital market) and Michèle Gamache (translation).

The underwriters, Sprott Securities Inc., National Bank Financial Inc., CIBC World Markets Inc., Dundee Securities Corporation, Orion Securities Inc. and Paradigm Capital Inc., were represented by Cassels Brock & Blackwell LLP with a team led by John Vettese, and included André Boivin, Chad Accursi and Eva Bielny (securities) and Andrew Reback.