Sirit Inc. Announces Filing of Preliminary Short Form Prospectus
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TORONTO, April 28 /CNW/ - Sirit Inc. (TSX: SI), a leading provider of
radio frequency identification (RFID) technology, announced today that it has
filed a preliminary short form prospectus with the securities regulators in
the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario,
New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador
for an offering of its common shares. The pricing and other terms of the
offering, including the definitive number of shares to be offered, will be
established upon the entering into of an underwriting agreement and the filing
of a final short form prospectus. The offering is subject to usual regulatory
approvals, and is expected to be completed on or about May 18, 2006. The
underwriting syndicate is being co-led by GMP Securities L.P. and Wellington
West Capital Markets Inc. and includes Haywood Securities Inc., Dundee
Securities Inc. and MGI Securities Inc.
About Sirit Inc.
Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency
Identification (RFID) technology worldwide. Harnessing the power of Sirit's
enabling-RFID technology, customers are able to more rapidly bring high
quality RFID solutions to the market with reduced initial engineering costs.
Sirit's products are built on more than 12 years of RF domain expertise
addressing multiple frequencies (LF/HF/UHF), multiple protocols and are
compliant with global standards. Sirit's broad portfolio of products and
capabilities are easily customized to address new and traditional RFID market
applications including Supply Chain & Logistics, Cashless Payment (including
Electronic Tolling), Access Control, Automatic Vehicle Identification,
Inventory Control & Management, Asset Tracking and Product Authentication. For
more information, visit www.sirit.com.
For further information: Lorelei L. Luchkiw, Sirit Inc., (416) 367-1897
x249, lluchkiw@sirit.com
