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(TSE-WIN) - WI-LAN INC Retour
Date Heure Manchette
17 Décembre 2010 08:58 WiLAN Closes $21.8 Million Bought Deal Financing
OTTAWA, CANADA--(Marketwire - Dec. 17, 2010) -

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

Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN), a leading technology
innovation and licensing company, announced today that it has completed the
previously announced bought deal common share public offering (the
"Offering"). The Company sold 5,000,000 common shares of the Company ("Common
Shares"), at a price of $4.35 per Common Share, for gross proceeds of
$21,750,000.

The Common Shares were offered by way of a short form prospectus in all of the
provinces and territories of Canada, other than the province of Quebec. A
syndicate led by Paradigm Capital Inc. and Wellington West Capital Markets
Inc. and including CIBC World Markets Inc., and Fraser Mackenzie Limited
(collectively, the "Underwriters") acted as underwriters for the offering.

The Company has also granted to the Underwriters an over-allotment option,
exercisable in whole or in part at any time on or up to 30 days after the
closing of the offering, to purchase up to an additional 625,000 Common Shares
at the same price for additional gross proceeds of up to $2,718,750. In the
event that the over-allotment option is exercised in its entirety, the
aggregate gross proceeds of the Offering will be $24,468,750.

The securities being offered have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered
or sold in the United States or to, or for the account or benefit of, U.S.
persons absent registration or an applicable exemption from registration
requirements.

This press 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 toestablish 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:

Wi-LAN Inc.
Tyler Burns
Director, Investor Relations & Communications
O: 613.688.4330 or C: 613.697.0367
tburns@wilan.com




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