Steeplejack Industrial Group Inc.
TSX : SID

Steeplejack Industrial Group Inc.

August 04, 2005 17:04 ET

Steeplejack Industrial Group Inc.: News Release

EDMONTON, ALBERTA--(CCNMatthews - Aug. 4, 2005) -

Not for distribution to U.S. news wire services or dissemination in the United States.

Steeplejack Industrial Group Inc. (TSX:SID) ("Steeplejack") announces today that it has completed a private placement of 2,000,000 Common Shares to qualified investors at a price of $5.85 per Common Share, representing aggregate proceeds of $11,700,000. The private placement was placed pursuant to an Underwriting Agreement with a syndicate of underwriters led by Raymond James Ltd. This transaction was previously announced on July 14, 2005.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Steeplejack is a multi-branch company providing, manpower and equipment for industrial scaffolding and insulation in Western Canada. (TSX-SID, website www.steeplejack.ca).

Contact Information

  • Steeplejack Industrial Group Inc.
    Pat Ross
    President & CEO
    (780) 465-9016
    or
    Steeplejack Industrial Group Inc.
    David Dawyd, CA
    VP Finance and CFO
    (780) 465-9016