IP licenser Wi-LAN Inc. completes the sale of just over 5.7 million common shares in a bought-deal arrangement announced in February. Selling for $7.00 a share for gross proceeds of $40,000,100, the shares were offered by way of a short form prospectus throughout Canada (excluding Quebec) and the US by a syndicate led by Wellington West Capital Markets Inc. “With this financing and with our previous cash reserve, we are in a very strong position to grow our business through the selective acquisition of valuable IP,” says Jim Skippen, president an CEO. “Our solid financial position also shows prospective licensees that we are capable of going the distance in any litigation that might be required to enforce our patents.”