Wi-LAN Inc.
TSX : WIN

Wi-LAN Inc.

March 13, 2007 09:07 ET

Wi-LAN Closes $40 Million Bought Deal Financing

OTTAWA, CANADA--(CCNMatthews - March 13, 2007) - Wi-LAN Inc. (TSX:WIN) ("Wi-LAN" or the "Company") announced today that it has completed the previously announced sale of 5,714,300 common shares of the Company. The shares were issued on a bought deal basis, at a price of $7.00 per common share, for gross proceeds of $40,000,100. The shares were offered by way of a short form prospectus in all of the provinces and territories of Canada (excluding Quebec) and in the United States on a private placement basis. A syndicate led by Wellington West Capital Markets Inc. and including CIBC World Markets Inc., Genuity Capital Markets G.P., Paradigm Capital Inc., GMP Securities L.P., and Dundee Securities Corporation acted as underwriters for the offering.

"With this financing and with our previous cash reserve, we are in a very strong position to grow our business through the selective acquisition of valuable IP," said Jim Skippen, President & CEO. "Our solid financial position also shows prospective licensees that we are capable of going the distance in any litigation that might be required to enforce our patents."

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 jurisdiction in which such offer, solicitation or sale would be unlawful.

About Wi-LAN Inc.

Wi-LAN, which was founded in 1992, licenses intellectual property that drives a full range of products providing access in wireless and wireline telecommunications markets. Some of the fundamental technologies covered by Wi-LAN's patents include: CDMA, Wi-Fi, WiMAX and DSL. Wi-LAN has already licensed its intellectual property to a number of major companies, including Cisco, Fujitsu and Nokia.

Forward-looking Information

Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements based on current expectations involving a number of risks and uncertainties related to all aspects of the wireless and wireline communications industry and the global economy. These risks and uncertainties include, but are not restricted to: the Company is almost exclusively reliant on additional licensing of its patent portfolio to generate future revenues and cash flows; acquisitions of additional products, technologies or businesses could materially adversely affect the Company; the Company is dependent on the performance of its key officers and employees and the need to attract and retain personnel; the Company may be required to establish the enforceability of the Company's patents in court to obtain material licensing revenues; the Company needs to acquire or develop new patents to continue to grow its business; the Company will need to invest to translate its intellectual property position into sustainable profit in the market; and changes in patent legislation or in the interpretation or application of patent litigation that could materially adversely affect the Company. These risks and uncertainties may cause actual results to differ from information contained herein, when estimates and assumptions have been used to measure and report results. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change.

All trademarks and brands mentioned in this release are the property of their respective owners.

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