ZENON Environmental Completes Financing

On June 8, 2004, ZENON Environmental Inc. completed a public offering of 4,555,000 common shares on a bought deal basis for aggregate gross proceeds of $103,626.250. ZENON is an international developer of water-treatment membrane technologies based in Oakville, Ontario. The underwriting syndicate was led by GMP Securities Ltd.

ZENON was represented by Minden Gross Grafstein & Greenstein, with a team that included Alan Litwack, Jack Tannerya and Glen Lewis, and assisted by its general counsel, Seymour Trachimovsky.

The underwriters were represented by Torys, with a team that included Kevin Morris, Jamie Koumanakos and Jason Brooks (corporate) and Conan McIntyre (intellectual property) in Toronto, and Darren Baccus in New York.