Wi-LAN winds up $18-million offering

Wi-LAN%20Colour%20Logo115X56.jpgOTTAWA – Patent licencer Wi-LAN Inc. raises $18.04 million in bought-deal financing, which it will use for potential acquisitions. The company surpasses its minimum funding target announced in June by $2 million, placing 8.8 million common shares after investors exercise their option to purchase additional shares beyond the agreed-upon number of eight million. The round was led by previous Wi-LAN investors Paradigm Capital Inc. and Wellington West Capital Markets Inc., and saw participation from CIBC World Markets Inc. and Haywood Securities.

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