Steeplejack Industrial Group Inc.
TSX : SID

Steeplejack Industrial Group Inc.

July 14, 2005 15:22 ET

Steeplejack Industrial Group Inc. Press Release

EDMONTON, ALBERTA--(CCNMatthews - July 14, 2005) -

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

Steeplejack Industrial Group Inc. ("Steeplejack") (TSX:SID) has today entered into an agreement with a syndicate of underwriters led by Raymond James Ltd. under which the underwriters have agreed to buy on a private placement basis 2,000,000 Common Shares from Steeplejack and sell to qualified investors at a price of $5.85 per Common Share, representing an aggregate amount of issue of $11,700,000. Closing is expected on or about August 4, 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
    www.steeplejack.ca