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Neptune Announces Proposed Offering of Common Shares
|By PR Newswire
|February 27, 2014 04:59 PM EST
LAVAL, QC, Feb. 27, 2014 /PRNewswire/ - Neptune Technologies & Bioressources
Inc. ("Neptune" or the "Company") (NASDAQ.NEPT) (TSX.NTB), a biotechnology company engaged primarily in
the development, manufacture and commercialization of marine-derived
omega-3 polyunsaturated fatty acids, announced today that it has
commenced an underwritten public offering of its common shares. The
offering is being conducted in the United States pursuant to the
Company's effective shelf registration statement filed with the U.S.
Securities and Exchange Commission ("SEC") and in Canada pursuant to a final short form base shelf prospectus
filed with the securities regulatory authorities in the Provinces of
Québec, Ontario, Manitoba, Alberta and British Columbia. The number of
common shares to be issued and the price of each common share will be
determined at the time of pricing of the offering.
Investors are advised to consider carefully the business and risks of
the Company before investing.
Roth Capital Partners and Euro Pacific Canada Inc. will act as joint
book-running managers and National Securities Corporation, a
wholly-owned subsidiary of National Holdings, Inc. (NHLD), will act as
lead manager for the offering. The Company expects to grant the
underwriters participating in the offering a 30-day option to purchase
up to an additional 15 percent of the number of common shares sold
pursuant to the offering to cover over-allotments, if any. 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.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. A preliminary prospectus supplement related to the
offering will be filed with the SEC and applicable securities
regulatory authorities in Canada. The preliminary prospectus supplement
and accompanying short form base shelf prospectus will contain detailed
information about the common shares offered. Investors should read the
preliminary prospectus supplement and accompanying short form base
shelf prospectus prospectus for more complete information about Neptune
and the offering. Copies of these documents will be available at www.sedar.com and www.sec.gov/edgar.shtml, respectively.
Investors may also obtain the prospectus for this offering by contacting
Euro Pacific Canada Inc. in Canada, Attention: Attention: Lily Yu, 130
King St West Suite 2820, Toronto, M5X 1A9 (phone: 416-479-7370) (fax:
647-436-7688); or in the United States from Roth Capital Partners, LLC,
Attention: Equity Capital Markets, 888 San Clemente, Newport Beach, CA
92660, (800) 678-9147.
About Neptune Technologies & Bioressources Inc.
Neptune is a biotechnology company engaged primarily in the development,
manufacture and commercialization of marine-derived omega-3
polyunsaturated fatty acids, or PUFAs. Neptune produces omega-3 PUFAs
through its patented process of extracting oils from Antarctic krill,
which omega-3 PUFAs are then principally sold as bulk oil to Neptune's
distributors who commercialize them under their private label primarily
in the U.S., European and Australian nutraceutical markets. Neptune's
lead products, Neptune Krill Oil (NKO®) and ECOKRILL Oil (EKO™),
generally come in capsule form and serve as a dietary supplement to
Through its subsidiaries Acasti Pharma Inc. ("Acasti") (TSXV: APO) and NeuroBioPharm Inc. ("NeuroBio"), in which Neptune respectively holds 49% and 96% of the voting
rights, Neptune is also pursuing opportunities in the medical food and
prescription drug markets. Acasti and NeuroBio respectively focus on
the research and development of safe and therapeutically effective
compounds for highly prevalent atherosclerotic conditions, such as
cardiometabolic disorders and cardiovascular diseases, and for
neurodegenerative and inflammation related conditions. Acasti's lead
prescription drug candidate is CaPre®, a purified high omega-3
phospolipid concentrate derived from Neptune krill oil being developed
to address the prevention and treatment of cardiometabolic disorders,
including hypertriglyceridemia, which is characterized by abnormally
high levels of triglycerides.
Forward Looking Statements
Certain statements included in this press release may be considered
forward-looking information within the meaning of Canadian securities
laws and forward-looking statements within the meaning of U.S. federal
securities laws, both of which we refer to as forward-looking
statements. Such statements involve known and unknown risks,
uncertainties and other factors that may cause results, performance or
achievements to be materially different from those implied by such
statements, and therefore these statements should not be read as
guarantees of future performance or results. All forward-looking
statements are based on Neptune's current beliefs as well as
assumptions made by and information currently available to Neptune and
relate to, among other things, Neptune's strategy, strategic goals,
research and development activities, research and clinical testing
outcome, future operations, future financial position, future
revenues/results, projected costs, prospects and plans and objectives
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. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. Due to risks and
uncertainties, including the risks and uncertainties identified by
Neptune in the prospectus related to this offering and in its public
securities filings available at www.sedar.com and www.sec.gov/edgar.shtml, actual events may differ materially from current expectations. Except
as required by law, Neptune disclaims any intention or obligation to
update or revise any forward-looking statements.
SOURCE Neptune Technologies & Bioressources Inc.
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