DRT DIRTT Environmental Solutions Ltd

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES 


DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") is pleased to
announce that it has completed its initial public offering of 15,000,000 common
shares ("Common Shares") at an offering price of $3.00 per Common Share for
total gross proceeds of $45 million (the "IPO") and that the Common Shares will
begin trading today on the Toronto Stock Exchange under the symbol "DRT". 


"DIRTT has a business model and a culture that we hope will lead the way in
redefining how the world manufactures and constructs," said CEO Mogens Smed. "We
are not a conventional manufacturer or construction company: we are the owner of
a powerful technology that brings unprecedented efficiency to the manufacturing
and interior construction sectors." 


DIRTT is a leading technology-driven manufacturer of highly customized
interiors. DIRTT combines ICE(R), its proprietary 3D design, configuration and
manufacturing software, with integrated in-house manufacturing. A dedicated and
successful network of Distribution Partners across two continents has assembled
an extensive client list that includes some of the largest and most profitable
companies in the world. DIRTT is underpinned by a strong entrepreneurial culture
and provides a unique, end-to-end solution for the inefficient and fragmented
construction industry. 


"The IPO provides us with important growth capital to continue to invest in ICE
and innovative construction solutions," said President Scott Jenkins. "It is an
important milestone for DIRTT, but we truly believe this is just the start of
chapter two as we continue to show the world there is a better way to build." 


The IPO was conducted through a syndicate of underwriters led by Raymond James
Ltd. and including Canaccord Genuity Corp., National Bank Financial Inc., TD
Securities Inc. and Cormark Securities Inc. (collectively, the "Underwriters").
The Company also granted the Underwriters an over-allotment option to subscribe
for an additional 2,250,000 Common Shares at an offering price of $3.00 per
Common Share to cover the Underwriters' over-allotment position, if any, and for
market stabilization purposes, exercisable at any time up to January 27, 2014. 


Torys LLP acted as legal counsel to DIRTT and Wildeboer Dellelce LLP acted for
the Underwriters. 


No securities regulatory authority has either approved or disapproved the
contents of this news release. This news release does not constitute an offer to
sell or a solicitation of an offer to buy any securities of the Company in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities being offered have not been, and will not be, registered under the
United States Securities Act of 1933, as amended, or any state securities laws,
and may not be offered or sold in the United States unless pursuant to an
exemption therefrom. 


ABOUT DIRTT 

DIRTT Environmental Solutions (Doing It Right This Time) uses a proprietary 3D
software platform to design, price, specify and produce custom prefab interiors.
DIRTT builds large and small corporate, government, educational and healthcare
projects all over the world. DIRTT's goal is to build and deliver complete,
engaging, well-designed, high-quality spaces faster and more efficiently than
traditional construction methods which often entail cost overruns, inconsistent
quality, delays and significant material waste. 


DIRTT manufacturing facilities are in Phoenix, Savannah, Kelowna and Calgary.
Our teams support more than 100 Distribution Partners throughout North America,
the Middle East and Asia. For more information please visit www.dirtt.net.


Certain statements contained in this news release constitute forward-looking
statements as defined under applicable securities laws. All statements in this
news release, other than statements of historical facts, that address events or
developments that management of the Company expect, are forward-looking
statements. Specifically, the references in this news release to DIRTT's growth
strategy and the use of proceeds from the IPO constitute forward-looking
statements. Forward-looking statements are based on a number of assumptions and
are subject to a number of risks and uncertainties, many of which are beyond the
Company's control, that could cause actual results and events to differ
materially from those that are disclosed in or implied by such forward-looking
statements, see "Special Note Regarding Forward-Looking Information" and "Risk
Factors" in the Company's final prospectus dated November 22, 2013. The Company
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
save and except as may be required by applicable securities laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
DIRTT Environmental Solutions Ltd.
Scott Jenkins
President
sjenkins@dirtt.net
403.723.5009


DIRTT Environmental Solutions Ltd.
Derek Payne
CFO
dpayne@dirtt.net
403.313.9879

DIRTT Environmental Solu... (TSX:DRT)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

DIRTT Environmental Solu... (TSX:DRT)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024