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Press release from CNW Group

Solium Capital Inc. announces closing of $23 million bought deal financing

Tuesday, November 26, 2013

Solium Capital Inc. announces closing of $23 million bought deal financing

09:01 EST Tuesday, November 26, 2013

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

CALGARY, Nov. 26, 2013 /CNW/ - Solium Capital Inc. ("Solium" or the "Company") (TSX: SUM) has completed its previously announced short form prospectus offering, including the exercise in full of the underwriters' over-allotment option. A total of 3,565,920 common shares have been issued at a price of $6.45 per common share for aggregate gross proceeds to Solium of $23,000,184.

The syndicate of underwriters was co-led by GMP Securities L.P. Canaccord Genuity Corp. and Laurentian Bank Securities Inc. and included PI Financial Corp. and M Partners Inc.

The net proceeds from the offering will initially be added to the Company's working capital and will subsequently be applied to fund acquisitions and geographic expansion in furtherance of the Company's business plan and for general corporate purposes.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The Common Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

About Solium

Solium Capital Inc. provides cloud‐enabled services for global equity‐based incentive plans administration, financial reporting and compliance. From operation centers in the United States, Canada, the United Kingdom and Australia, our innovative software‐as‐a‐service (SaaS) technology powers share plan administration and equity transactions for more than 3,000 corporate clients with employee participants in more than 150 countries. Follow us @ Solium and visit us at solium.com.

Forward Looking Information
Certain information included herein is forward-looking, within the meaning of applicable Canadian securities laws. Such information is typically identified by words such as "anticipate", "believe", "could", "estimate", "expect", "plan", "intend", "forecast", "future", "guidance", "may", "predict", "project", "should", "strategy", "target", "will" or similar expressions suggesting future outcomes. Forward-looking information in this news release includes the use of the net proceeds of the offering. Solium believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such information should not be unduly relied upon.

Forward-looking information is not a guarantee of future performance. By its very nature, forward- looking information involves inherent assumptions, risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking information will not be achieved. These risks include, but are not limited to, risks associated with the ability to satisfy regulatory and commercial closing conditions of the offering, the uncertainty associated with accessing capital markets and the risks related to the operating and financial results of Solium's businesses including those identified in Solium's 2013 Annual Information Form under the heading "Risk Factors". Should one or more of these risks and uncertainties materialize, or should assumptions described above prove incorrect, Solium's actual performance and results in future periods may differ materially from any projections of future performance or results expressed or implied by such forward-looking information. We caution readers not to place undue reliance on this information as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking information.

Forward-looking information contained in this news release is provided for the purpose of providing information about management's goals, plans and range of expectations for the future and may not be appropriate for other purposes. Any forward-looking information is made as of the date hereof and, except as required by law, Solium does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.


SOURCE Solium Capital Inc.

For further information:

Investor relations: 
Aaron Kabucis, CFA
TMX | Equicom
416.815.0700 x 230
akabucis@tmxequicom.com

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