Com Dev International Completes Bought Deal

Com Dev International Ltd. completed a bought deal financing of 6.75 per cent convertible debentures due December 31, 2006, through National Bank Financial and TD Securities Inc. on January 31, 2002. The total amount of the offering was $18 million. Each debenture is convertible into common shares at any time at the option of the holder at a conversion price of $3.15 per share.

Samantha Horn, Melissa Ross and Kelly Niebergall, and Clifford Louie in Hong Kong and Jeffrey Keey in London of Stikeman Elliott acted for Com Dev. Troy Pocaluyko and Derek Sigel of Wildeboer Rand Thomson Apps & Dellelce, LLP acted for the underwriters.