Triple G Completes Bought Deal Financing and Prospectus Qualification

Triple G Systems Group, Inc. successfully closed an underwritten bought deal private placement of special warrants and qualifying prospectus, completed on June 26, 2002. On May 22, 2002, Triple G issued 3,015,000 special warrants, including the exercise of an option by the underwriters prior to closing to acquire 792,000 special warrants at $2.70 each, for gross proceeds of over $8.1 million. The closing was followed up with promptly clearing a final prospectus in a period of two weeks in June, to qualify the 3,015,000 common shares issuable upon exercise of the special warrants. Headquartered in Toronto, Triple G is an international healthcare IT company listed on the TSX Venture Exchange. It develops and implements laboratory software solutions to enable healthcare professionals to automate their clinical data.

Henry Harris of Gowling Lafleur Henderson LLP in Toronto led the team acting for Triple G, which included Stephen McKersie (securities/corporate) in Toronto, Joe Giuffre and Brett Kagetsu in Vancouver, and Jeffrey Dyck in Calgary.

Charlie Malone and Jim Lee of Wildeboer Rand Thomson Apps & Dellelce, LLP acted as counsel to the underwriting syndicate that was led by Yorkton Securities Inc. and included Research Capital Corporation.