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— Le français suit —

OTTAWA, Feb. 25, 2020 -- Calian Group Ltd. (“Calian” or the “Company”) (TSX:CGY) is pleased to announce that it has completed its previously announced upsized bought deal offering, under which a total of 1,568,600 common shares of Calian (the "Common Shares") were sold at a price of $44.00 per Common Share for aggregate gross proceeds of $69,018,400, including Common Shares issued pursuant to the exercise in full of the over-allotment option granted to the Underwriters (as defined below) (the "Offering"). The Offering was conducted by a syndicate of underwriters led by Desjardins Capital Markets and including Acumen Capital Finance Partners Limited, Canaccord Genuity Corp., Stifel Nicolaus Canada Inc., TD Securities Inc. and RBC Dominion Securities Inc. (collectively, the “Underwriters”).

The Company intends to use the net proceeds from the Offering to, among other things and as more fully described in the Prospectus Supplement (as defined below), pursue strategic growth initiatives and for general corporate purposes.

The Common Shares were offered (i) by way of a prospectus supplement dated February 18, 2020 (the “Prospectus Supplement”) to Calian’s short form base shelf prospectus dated January 31, 2020, which Prospectus Supplement was filed with the securities commissions and other similar regulatory authorities in each of the provinces of Canada; (ii) in the United States by way of private placement pursuant to the exemption from registration provided for under Rule 144A of the United States Securities Act of 1933, as amended; and (iii) in jurisdictions outside of Canada and the United States as agreed to by the Company and the Underwriters on a private placement or equivalent basis.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

Calian réalise un appel public à l’épargne bonifié par voie de prise ferme de 69 M

OTTAWA, 25 févr. 2020 -- Calian Group Ltd. (« Calian » ou la « Société ») (TSX : CGY) est heureuse d’annoncer qu’elle a réalisé l’appel public à l’épargne bonifié par voie de prise ferme qu’elle avait annoncé précédemment, dans le cadre duquel elle a vendu au total 1 568 600 actions ordinaires de Calian (les « actions ordinaires ») au prix de 44,00 $ chacune contre un produit brut global de 69 018 400 $, en tenant compte des actions ordinaires émises au moment de la levée intégrale de l’option de surallocation qui avait été octroyée aux preneurs fermes (au sens donné à ce terme ci après) (le « placement »). Le placement a été effectué par un consortium de preneurs fermes dirigé par Valeurs mobilières Desjardins inc. et comprenant Acumen Capital Finance Associés Limitée, Corporation Canaccord Genuity, Stifel Nicolaus Canada Inc., Valeurs Mobilières TD Inc. et RBC Dominion valeurs mobilières Inc. (collectivement, les « preneurs fermes »).

La Société compte affecter le produit net tiré du placement, entre autres choses et comme il est décrit plus amplement dans le supplément de prospectus (au sens donné à ce terme ci après), à des mesures de croissance stratégiques et aux fins générales de son entreprise.

Les actions ordinaires ont été placées (i) au moyen du supplément de prospectus daté du 18 février 2020 (le « supplément de prospectus ») au prospectus préalable de base simplifié de Calian daté du 31 janvier 2020, lequel supplément de prospectus a été déposé auprès des commissions des valeurs mobilières et des autres organismes de réglementation similaires de chacune des provinces canadiennes, (ii) aux États Unis par voie de placement privé conformément à une dispense des obligations d’inscription prévues dans la règle 144A de la Securities Act of 1933 des États Unis, en sa version modifiée, le cas échéant, et (iii) dans les territoires situés à l’extérieur du Canada et des États Unis dont la Société et les preneurs fermes ont convenu, par voie de placement privé ou dans le cadre d’une opération équivalente.

Le présent communiqué de presse ne constitue pas une offre de vente ni la sollicitation d’une offre d’achat de ces titres et ces titres ne doivent pas être vendus aux États Unis ou dans un autre territoire où une telle offre, sollicitation ou vente serait illégale. Les titres n’ont pas été inscrits en vertu de la Securities Act of 1933 des États Unis, en sa version modifiée, le cas échéant, ou des lois sur les valeurs mobilières applicables d’un État américain et ne peuvent être placés ou vendus aux États Unis s’ils ne sont pas inscrits ou si une dispense applicable de l’obligation d’inscription n’a pas été obtenue.

About Calian

Calian employs over 3,400 people in its delivery of diverse products and solutions for private sector, government and defence customers in North American and global markets. The Company’s diverse capabilities are delivered through four segments: Advanced Technologies, Health, Learning and Information Technology. The Advanced Technologies segment provides innovative products, technologies and manufacturing services and solutions for the space, communications, defence, nuclear, government and agriculture sectors. The Health segment manages a network of more than 1,800 health care professionals delivering primary care and occupational health services to public and private sector clients across Canada. Learning is a trusted provider of emergency management, consulting and specialized training services and solutions for the Canadian Armed Forces and clients in the defence, health, energy and other sectors. The Information Technology segment supports public- and private-sector customer requirements for subject matter expertise in the delivery of complex IT and cyber security solutions. Headquartered in Ottawa, the Company’s offices and projects span Canada and international markets.

For further information, please visit our website at, or contact us at [email protected] Kevin Ford President and Chief Executive Officer 613-599-8600 Patrick Houston Chief Financial Officer 613-599-8600 Media inquiries: Simon Doyle 613-599-8600 x 205

Forward-Looking Statements

This press release includes statements containing certain “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur and include, but are not to, statements regarding the proposed use of the net proceeds under the Offering. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry, the potential offering of any securities by the Company; uncertainty with respect to the completion of any future offering; the ability to obtain applicable regulatory approval for any contemplated offerings; the ability of the Company to negotiate and complete future funding transactions, as well as the risks identified under the heading “Risk Factors” in the Company’s Annual Information Form for its fiscal year ended September 30, 2019. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.