Enablence Technologies completes US$21.2 million public offering

On December 6, 2010, Enablence Technologies Inc. (TSX VENTURE:ENA) announced that it had successfully completed its previously disclosed public offering, issuing an aggregate of 36,599,700 common shares (including 1,599,700 common shares pursuant to the partial exercise by the agents of the over-allotment option) at a price of $0.58 per share for total gross proceeds of $21,227,826. The syndicate of agents in respect of the offering was led by Paradigm Capital Inc., and included Fraser Mackenzie Limited, TD Securities Inc. and Raymond James Ltd. Enablence Technologies is a publicly traded company headquartered in Ottawa, Canada which designs, manufactures and sells optical components, subsystems and systems to a global customer base. It is a leading supplier of fiber-to-the-home (FTTH) equipment for triple-play residential and business services and optical components and subsystems for access, metro and long haul markets. Enablence Technologies was advised in this transaction by Fasken Martineau with a team led by Virginia Schweitzer and that included Charles Lynch, among others.