Redknee Announces Receipt for Final Prospectus
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
TORONTO – June 26, 2013 Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that it has received a receipt dated June 26, 2013 (the “Receipt”) for its final short form prospectus dated June 25, 2013 (the “Final Prospectus”) filed with the securities regulatory authorities in each of the provinces of Canada with respect to the qualification for distribution of an aggregate of 14,538,500 common shares in the capital of Redknee (the “Common Shares”) issuable pursuant to the exercise of an aggregate of 14,538,500 common share special warrants (the “Special Warrants”). The Special Warrants were previously issued on April 18, 2013 pursuant to an underwritten private placement co-led by GMP Securities L.P. and TD Securities Inc., and including Canaccord Genuity Corp. and M Partners Inc. In accordance with the terms of the indenture governing the Special Warrants, each Special Warrant entitles the holder thereof to receive one Common Share on the exercise or deemed exercise of the Special Warrant for no additional consideration. All unexercised Special Warrants will be deemed exercised without the payment of additional consideration or further action on the part of the holder as at 4:59 pm EDT on June 26, 2013.
Following the exercise or deemed exercise of the Special Warrants, Redknee will have an aggregate of 94,650,311 Common Shares issued and outstanding.
For more information about Redknee and their solutions, please go to www.redknee.com.
Certain statements in this document may constitute “forward-looking” statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as “may,” “will,” “expect,” “continue,” “believe,” “plan,” “intend,” “would,” “could,” “should,” “anticipate” and other similar terminology. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Persons reading this news release are cautioned that such information may not be appropriate for other purposes.
Such forward-looking statements include the statements regarding financial and other projections as well as statements regarding Redknee’s future plans, objectives or performance for the current period and subsequent periods and regarding the markets for our products. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the inability of Redknee’s products to perform as expected, a material adverse change in the affairs of Redknee, and the factors discussed under the “Risk Factors” section of Redknee’s most recently filed AIF, Redknee’s management’s discussion & analysis for the second quarter ended March 31, 2013 and for the fiscal year ended September 30, 2012 and the Redknee’s business acquisition report dated June 12, 2013 relating to the acquisition of the Business Support Systems business unit from Nokia B.V., which are available on SEDAR at www.sedar.com and on Redknee’s web-site at www.redknee.com. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements.
Although the forward-looking statements contained in this document are based upon what Redknee believes are reasonable assumptions, Redknee cannot assure investors that our actual results will be consistent with these forward-looking statements. Redknee assumes no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.
Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee’s award-winning solutions enable service providers to monetize new services, business models and content and to deliver a comprehensive customer experience. Redknee’s revenue and subscriber management platform provides innovative converged billing, charging, customer care, and payments solutions for voice, messaging and data services to over 200 service providers in over 90 countries. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information about Redknee and its solutions, please go to www.redknee.com.
For additional information please contact:
Ashleigh Young, Corporate Communications
+1 905 625 2733
David Charron, Chief Financial Officer
+1 905 625 2943
Matt Glover or Michael Koehler
Liolios Group, Inc.
+1 949 574 3860
SOURCE: Redknee Solutions Inc.
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