Bennett Environmental Inc.
TSX : BEV

Bennett Environmental Inc.

December 15, 2006 17:05 ET

Bennett Environmental Announces Rights Offering

OAKVILLE, ONTARIO--(CCNMatthews - Dec. 15, 2006) - Bennett Environmental Inc. (TSX:BEV) announced today that the Board of Directors of Bennett Environmental Inc. ("BEI") has authorized the company to proceed with a rights offering to shareholders (the "Rights Offering") by way of rights offering circular. A draft rights offering circular has been filed today with the securities commissions in Canada and the Toronto Stock Exchange (the "TSX").

Further details regarding the Rights Offering will be provided once BEI has cleared all comments of the securities commissions on the rights offering circular and received the approval of the TSX.

BEI expects that the gross proceeds from the Rights Offering will be used for general working capital purposes.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws. Accordingly, except to the extent permitted by law, these securities may not be offered or sold within the United States of America or to any resident thereof, and this press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein within the United States of America.

Forward Looking Statements

Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. BEI believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. BEI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Bennett Environmental Inc.

Bennett Environmental Inc. is a North American leader in high-temperature treatment services for the remediation of contaminated soil and has provided thermal solutions to contamination problems throughout Canada and the U.S. Bennett Environmental's technology provides for the safe, economical and permanent solution to contaminated soil. Independent testing has consistently proven that the technology operates well within the most stringent criteria in North America. For information, please visit the Bennett Environmental website at: www.bennettenv.com.

Contact Information

  • Bennett Environmental Inc.
    Michael McSweeney
    Vice President
    (416) 859-0758
    Website: www.bennettenv.com