RDM Corporation (RDM) of Waterloo, Ontario, successfully closed the maximum amount of a special warrant financing on September 27, 2000, for gross proceeds of $15 million. RDM has issued four million special warrants at a price of $3.75 per special warrant in the offering, that was placed by Loewen, Ondaatje, McCutcheon Limited as lead agent. Each special warrant is exercisable into one unit consisting of one common share and one-half common share purchase warrant of RDM. Each whole common share purchase warrant is exercisable into one common share at a price of $4.25 for a period of two years ending September 27, 2002.
RDM, a leading provider of specialized software and hardward solutions that enable e-commerce payments, has been providing payment automation technologies and solutions to banks, printers and payment processors in over 35 countries since 1987.
Legal advice to RDM was provided by Gowling Lafleur Henderson LLP, represented by John Durdan and Sangeeta Sindwani of Waterloo. Acting for the agent was McCarthy Tétrault, represented by Edward Kerwin and Matthew Howorth of Toronto.
RDM, a leading provider of specialized software and hardward solutions that enable e-commerce payments, has been providing payment automation technologies and solutions to banks, printers and payment processors in over 35 countries since 1987.
Legal advice to RDM was provided by Gowling Lafleur Henderson LLP, represented by John Durdan and Sangeeta Sindwani of Waterloo. Acting for the agent was McCarthy Tétrault, represented by Edward Kerwin and Matthew Howorth of Toronto.
Lawyer(s)
Matthew J. Howorth
F. John Durdan