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Wi-LAN Raises Funds

Company closes a previously announced public financing, grossing $21.75M

December 17, 2010

1 Min Read

Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN), a leading technology innovation and licensing company, announced today that it has completed the previously announced bought deal common share public offering (the "Offering"). The Company sold 5,000,000 common shares of the Company ("Common Shares"), at a price of $4.35 per Common Share, for gross proceeds of $21,750,000.

The Common Shares were offered by way of a short form prospectus in all of the provinces and territories of Canada, other than the province of Quebec. A syndicate led by Paradigm Capital Inc. and Wellington West Capital Markets Inc. and including CIBC World Markets Inc., and Fraser Mackenzie Limited (collectively, the "Underwriters") acted as underwriters for the offering.

The Company has also granted to the Underwriters an over-allotment option, exercisable in whole or in part at any time on or up to 30 days after the closing of the offering, to purchase up to an additional 625,000 Common Shares at the same price for additional gross proceeds of up to $2,718,750. In the event that the over-allotment option is exercised in its entirety, the aggregate gross proceeds of the Offering will be $24,468,750.

Wi-LAN Inc. (Toronto: WIN) (Nasdaq: WILN)

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