SJ Stella Jones Inc

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISTRIBUTION INTO THE UNITED
STATES.


Stella-Jones Inc. (TSX:SJ) ("Stella-Jones" or the "Company") announced today
that it has completed the private placements of subscription receipts of the
Company previously announced on November 20, 2012. Pursuant to such private
placements, Stella-Jones has issued 1,176,500 subscription receipts at a price
of $68.00 per subscription receipt for aggregate gross proceeds to the Company
of approximately $80.0 million. RBC Capital Markets led a syndicate of
underwriters for a private placement of 721,200 subscription receipts, and
Stella Jones International S.A. purchased 455,300 subscription receipts on a
private placement basis.


Net proceeds from the private placements will be used by the Company to
partially fund the acquisition of McFarland Cascade Holdings, Inc. (the
"Acquisition"), which is expected to close later today. The subscription
receipts will be exchangeable, without additional payment, into common shares of
the Company on a one-for-one basis upon completion of the Acquisition. If the
Acquisition is not completed by December 23, 2012, then the subscription
receipts will be automatically terminated and cancelled and the principal amount
subscribed plus accrued interest will be returned to the holders thereof.


This press release is not an offer to sell, or a solicitation of an offer to
buy, any securities. The securities referred to in this press release have not
been and will not be registered under the U.S. Securities Act of 1933, as
amended and may not be offered or sold in the United States except pursuant to
an exemption from, or in a transaction not subject to, the registration
requirements of the U.S. Securities Act of 1933.


ABOUT STELLA-JONES 

Stella-Jones Inc. (TSX:SJ) is a leading producer and marketer of pressure
treated wood products. The Company supplies North America's railroad operators
with railway ties, timbers and recycling services; and the continent's
electrical utilities and telecommunications companies with utility poles.
Stella-Jones also provides industrial products and services for construction and
marine applications, as well as residential lumber to retailers and wholesalers
for outdoor applications. The Company's common shares are listed on the Toronto
Stock Exchange. 


Except for historical information provided herein, this press release contains
information and statements of a forward-looking nature concerning the
Acquisition. These statements are based on suppositions, uncertainties and other
factors as well as on management's best possible evaluation of future events.
Such factors may include, without excluding other considerations, satisfaction
of closing conditions, or failure to complete or delay in completing the
Acquisition for any other reason. As a result, readers are advised that actual
results may differ from expected results and should not place undue reliance on
forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eric Vachon, CPA, CA
Senior Vice-President and Chief Financial Officer
(514) 940-3903
evachon@stella-jones.com


Martin Goulet, CFA
MaisonBrison Communications
(514) 731-0000
martin@maisonbrison.com

Stella Jones (TSX:SJ)
Historical Stock Chart
From Jun 2024 to Jul 2024

Stella Jones (TSX:SJ)
Historical Stock Chart
From Jul 2023 to Jul 2024