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(TSE-WIN) - WI-LAN INC Retour
Date Heure Manchette
30 Novembre 2010 07:58 WiLAN Announces $21.8 Million Bought Deal Financing
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF
THE SECURITIES DESCRIBED HEREIN/

OTTAWA, Nov. 30 /CNW/ - Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN), a
leading technology innovation and licensing company, today announced that it
has entered into a bought deal agreement with a syndicate of underwriters
led by Paradigm Capital Inc. and Wellington West Capital Markets Inc. and
including CIBC World Markets Inc., and Fraser Mackenzie Limited
(collectively, the "Underwriters"), for the issuance of 5,000,000 common
shares of the Company ("Common Shares"), on a bought deal basis, at a price
of $4.35 per Common Share for gross proceeds of $21,750,000 (the
"Offering").

The Underwriters have the option to purchase up to an additional 625,000
Common Shares at the issue price at any time prior to 30 days following the
closing date for additional gross proceeds of $2,718,750.

The net proceeds from the Offering will be used to fund acquisitions of
patent portfolios identified as strategic to the Company's business and for
working capital and general corporate purposes.

The Common Shares to be issued under the offering will be offered by way
of a short form prospectus in all of the provinces of Canada, other than the
province of Quebec, and in the United States on a private placement basis
pursuant to an exemption from the registration requirements of the United
States Securities Act of 1933, as amended.

The offering is scheduled to close on or about December 17, 2010 and is
subject to certain conditions including, but not limited to, the receipt of
all necessary regulatory approvals, including the approval of the Toronto
Stock Exchange and the securities regulatory authorities.

This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "1933 Act"), or any state securities
laws and may not be offered or sold within the United States or to, or for
the account or benefit of U.S. persons (as defined in Regulation S under the
1933 Act) absent such registration or an applicable exemption from such
registration requirements.

About WiLAN

WiLAN, founded in 1992, is a leading technology innovation and licensing
company. WiLAN has licensed its intellectual property to over 230 companies
worldwide. Inventions in our portfolio have been licensed by companies that
manufacture or sell a wide range of communication and consumer electronics
products including 3G cellular handsets, Wi-Fi-enabled laptops, Wi-Fi/DSL
routers, xDSL infrastructure equipment, WiMAX base stations and digital
television receivers. WiLAN has a large and growing portfolio of more than
970 issued or pending patents. For more information: www.wilan.com.

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 that face the Company; such statements may contain such
words as "may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions, and may be based on
management's current assumptions and expectations related to all aspects of
the wireless and wireline telecommunications industries and the global
economy. Risks and uncertainties that may face the Company include, but are
not restricted to: licensing of the Company's patents can take an extremely
long time and may be subject to variable cycles; the Company is currently
reliant on licensees paying royalties under existing licensing agreements
and additional licensing of its patent portfolio to generate future
revenues and increased cash flows; the Company's revenues are subject to
fluctuate based on individual licensees' growth and success rates in their
respective markets, the impact of seasonality and other market factors on
individual licensees' businesses and other factors outside of the Company's
control; the Company's revenues can vary significantly from quarter to
quarter depending upon the type of royalty agreement with licensees, the
timing of royalty reporting by licensees and fluctuations in foreign
currency; the Company may be required to establish the enforceability of its
patents in court in order to obtain material licensing revenues; changes in
patent laws or in the interpretation or application of patent laws could
materially adversely affect the Company; a court may determine that certain
of the Company's patents are not infringed by certain standards or products
or may disagree with management with respect to whether one or more of the
Company's patents apply to certain standards or products, which could
adversely affect the Company; certain of the Company's patents are, and
others may be, subject to administrative proceedings that could invalidate
or limit the scope of those patents; the Company will need to acquire or
develop new patents to continue and grow its business; fluctuations in
foreign exchange rates impact and may continue to impact the Company's
revenues and operating expenses, potentially adversely affecting financial
results; the Company has made and may make acquisitions of technologies or
businesses which could materially adversely affect the Company; the Company
may require investment to translate its intellectual property position into
sustainable profit in the market; the generation of future V-Chip revenues
and the likelihood of the Company signing additional V-Chip licenses could
be negatively impacted by changes in government regulation; the Company is
dependent on its key officers and employees; the price of the Company's
common shares is volatile and subject to market fluctuation; and the
Company may be negatively affected by reduced consumer spending due to the
uncertainty of economic and geopolitical conditions. These risks and
uncertainties may cause actual results to differ from information contained
in this release, when estimates and assumptions have been used to measure
and report results. There can be no assurance that any statements of
forward-looking information contained in this release will prove to be
accurate. Actual results and future events could differ materially from
those anticipated in such statements. These and all subsequent written and
oral statements containing forward-looking information are based on the
estimates and opinions of management on the dates they are made and
expressly qualified in their entirety by this notice. Except as required by
applicable laws, the Company assumes no obligation to update forward-looking
statements should circumstances or management's estimates or opinions
change. Readers are cautioned not to place undue reliance on any statements
of forward-looking information that speak only as of the date of this
release. Additional information identifying risks and uncertainties
relating to the Company's business are contained under the heading "Risk
Factors" in WiLAN's current Annual Information Form and its other filings
with the various Canadian securities regulators which are available online
at www.sedar.com.

This press release does not constitute an offer to sell or a solicitation
of an offer to buy any securities in the United States.

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

Contact:

Tyler Burns
Director, Investor Relations & Communications
O:
613.688.4330
C: 613.697.0367
E: href="mailto:tburns@wilan.com">tburns@wilan.com




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