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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Calian Announces Filing of Preliminary Base Shelf Prospectus

January 14, 2020 GMT

OTTAWA, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Calian Group Ltd. (“Calian” or the “Company”) (TSX: CGY) today announces that it has filed and obtained a receipt for its preliminary short form base shelf prospectus (the “Shelf Prospectus”) with the securities commissions in each of the provinces of Canada. A copy of the Shelf Prospectus can be found on the Company’s directory on SEDAR at www.sedar.com.

The filing of the Shelf Prospectus, when made final, will allow Calian to qualify the distribution by way of prospectus in Canada of up to Cdn.$100 million of common shares, preferred shares, warrants, units, subscription receipts and debt securities, or any combination thereof, during the 25-month period that the Shelf Prospectus is effective. Should the Company decide to offer securities during this period, the specific terms, including the use of proceeds from any offering, will be set forth in a related prospectus supplement to the Shelf Prospectus, which will be filed with the applicable Canadian securities commissions.

“We are proceeding with a Shelf Prospectus, as it will provide us with further access to capital as needed, and the flexibility to capitalize on strategic expansion opportunities,” said Kevin Ford, Chief Executive Officer of Calian. “We have consistently demonstrated strong capital stewardship, and we expect to continue driving shareholder value through our future capital deployment.”

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 these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the qualification under the securities laws of any such jurisdiction.

About Calian

Calian employs over 3,400 people in its delivery of diverse products and solutions for private sector, government and defence customers in North American and global markets. The Company’s diverse capabilities are delivered through four segments: Advanced Technologies, Health, Learning and Information Technology. The Advanced Technologies segment provides innovative products, technologies and manufacturing services and solutions for the space, communications, defence, nuclear, government and agriculture sectors. The Health segment manages a network of more than 1,800 health care professionals delivering primary care and occupational health services to public and private sector clients across Canada. Learning is a trusted provider of emergency management, consulting and specialized training services and solutions for the Canadian Armed Forces and clients in the defence, health, energy and other sectors. The Information Technology segment supports public- and private-sector customer requirements for subject matter expertise in the delivery of complex IT and cyber security solutions. Headquartered in Ottawa, the Company’s offices and projects span Canada and international markets. For investor information, please visit Calian’s website at www.calian.com or contact the Company at ir@calian.com.

Kevin Ford Patrick Houston Media inquiries: President and Chief Executive Officer Chief Financial Officer Simon Doyle 613-599-8600 613-599-8600 613-599-8600 x 2205.

Forward-Looking Statements

This press release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur and include, but are not to, statements regarding the filing of the final Shelf Prospectus, the filing of any potential prospectus supplement; the amount and terms of any securities to be offered, and anticipated timing of any financing under the final Shelf Prospectus. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry, the timing and filing of the final Shelf Prospectus; the potential offering of any securities by the Company; uncertainty with respect to the completion of any future offering; the ability to obtain applicable regulatory approval for any contemplated offerings; the ability of the Company to negotiate and complete future funding transactions, as well as the risks identified under the heading “Risk Factors” in the Company’s Annual Information Form for its fiscal year ended September 30, 2019. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.