Canaccord Capital Completes Bought Deal

On May 2, 2008, Canaccord Capital Inc. (Canaccord), a leading independent, full service investment dealer in Canada with capital markets operations in the United Kingdom and the United States, completed a bought deal offering of 5,855,000 common shares at a price of $10.25 per common share for gross proceeds of $60,013,750.

The underwriting syndicate for the offering was led by Genuity Capital Markets, Canaccord Capital Corporation and CIBC World Markets Inc., and included Macquarie Capital Markets Canada Ltd., TD Securities Inc. and Thomas Weisel Partners Canada Inc.

On May 16, 2008, the underwriters exercised in full their option to purchase an additional 878,250 common shares at the issue price for additional gross proceeds of $9,002,062.50. The common shares, which are listed on both the Toronto Stock Exchange and AIM, a market operated by the London Stock Exchange, were offered by way of a short-form prospectus in Canada and on a private placement basis in the United States and the United Kingdom.

McCarthy T├ętrault LLP represented Canaccord with a team that included Richard J. Balfour, Sven Milelli, Robin Mahood and Catherine Anderson (corporate/securities) in Vancouver and Rob Brant and Reena Modha (corporate/securities) in London.

Goodmans LLP represented the underwriters with a team that included Stephen Pincus, John Connon, and Brad Ross (corporate/securities).