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www.fdanews.com/articles/86521-labopharm-completes-public-offering-for-estimated-net-proceeds-of-us-93-3-million

LABOPHARM COMPLETES PUBLIC OFFERING FOR ESTIMATED NET PROCEEDS OF US$93.3 MILLION

May 3, 2006

Labopharm Inc. today announced the completion of its previously announced public offering of 12,650,000 common shares, which includes exercise in full of the underwriters' over-allotment option. The common shares were sold at a price of US$8.00 per share for total estimated net proceeds to the Company of US$93.3 million (CDN$104.8 million)(1), after deducting underwriting discounts and commissions and estimated offering expenses.
PR Newswire