West­port ar­ranges pub­lic of­fer­ing, pri­vate place­ment

Stockwatch Daily - - INDUSTRIALS & MATERIALS - Ms. Caro­line Sawamoto re­ports

WEST­PORT FUEL Sys­tems Inc. in­tends to of­fer and sell com­mon shares in an un­der­writ­ten pub­lic of­fer­ing. West­port Fuel Sys­tems also ex­pects to grant the un­der­writ­ers a 30-day op­tion to pur­chase ad­di­tional com­mon shares. The of­fer­ing is sub­ject to mar­ket con­di­tions, and there can be no as­sur­ance as to whether or when the of­fer­ing may be com­pleted, or as to the ac­tual size or terms of the of­fer­ing. No com­mon shares will be sold or of­fered in Canada or to any res­i­dent of Canada pur­suant to the of­fer­ing.

Op­pen­heimer & Co. Inc. is act­ing as the sole book-run­ning man­ager for the of­fer­ing. Craig-Hal­lum Cap­i­tal Group LLC will act as the co-lead man­ager. When avail­able, copies of the U.S. pre­lim­i­nary prospec­tus sup­ple­ment can be ac­cessed through the U.S. Se­cu­ri­ties and Ex­change Com­mis­sion web­site, and copies of the Cana­dian pre­lim­i­nary prospec­tus sup­ple­ment are avail­able at SEDAR.

West­port Fuel Sys­tems has ap­plied to the Toronto Stock Ex­change for the ad­di­tional list­ing of the com­mon shares is­sued un­der the of­fer­ing, which list­ing will be sub­ject to ful­fil­ment of all of the list­ing re­quire­ments of the ex­change.

The of­fer­ing will be made only by means of the West­port Fuel Sys­tems prospec­tus sup­ple­ment and ac­com­pa­ny­ing short-form base-shelf prospec­tus. When avail­able, copies of the prospec­tus sup­ple­ment, the fi­nal prospec­tus sup­ple­ment and ac­com­pa­ny­ing base prospec­tus re­lated to this of­fer­ing may be ob­tained from the SEC’s web­site or from Op­pen­heimer & Co., at­ten­tion: syn­di­cate prospec­tus depart­ment, 85 Broad St., 26th floor, New York, N.Y., 10004, by tele­phone at 212-667-8563 or by e-mail at EquityProspec­tu­sopco.com.

Cer­tain di­rec­tors and ex­ec­u­tive of­fi­cers of West­port Fuel Sys­tems in­tend to pur­chase com­mon shares pur­suant to a non-bro­kered pri­vate place­ment in Canada only. The con­cur­rent pri­vate place­ment does not form part of the of­fer­ing. The clos­ing of the Con­cur­rent pri­vate place­ment is ex­pected to take place con­cur­rently with the clos­ing of the of­fer­ing. The com­mon shares is­sued pur­suant to the con­cur­rent pri­vate place­ment will be sub­ject to a sea­son­ing pe­riod or statu­tory hold pe­riod, as ap­pli­ca­ble. West­port Fuel Sys­tems has ap­plied to the Nas­daq Global Se­lect Mar­ket and the Toronto Stock Ex­change for the ad­di­tional list­ing of the com­mon shares is­sued un­der the con­cur­rent pri­vate place­ment, which list­ing will be sub­ject to ful­fil­ment of all of the list­ing re­quire­ments of the ex­changes.

About West­port Fuel Sys­tems Inc.

At West­port Fuel Sys­tems, it is driv­ing in­no­va­tion to power a cleaner to­mor­row. It is com­posed of in­ven­tors, en­gi­neers, man­u­fac­tur­ers and sup­pli­ers of ad­vanced clean-burn­ing fuel sys­tems and com­po­nents that can change the way the world moves. Its tech­nol­ogy de­liv­ers per­for­mance, fuel ef­fi­ciency and en­vi­ron­men­tal ben­e­fits to ad dress the c hal lenge s of global cli­mate change and ur­ban air qual­ity. Head­quar­tered in Van­cou­ver, Canada, it serves its cus­tomers in more than 70 coun­tries with lead­ing global trans­porta­tion brands.

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