On June 14, 2004, Roman Corporation Limited completed a rights offering and concurrent public offering of approximately 1.9 million units, each unit consisting of one common share and one common share purchase warrant, at a price of $8.73 per unit, for gross proceeds of approximately $17 million.  Each warrant entitles the holder thereof to purchase one common share at any time on or prior to June 14, 2006, at a price of $10.19 per share, or up to an additional approximately $20 million in the aggregate.  The managing dealer for the rights offering and agent for the concurrent public offering was Sprott Securities Inc.

Roman was represented by Davies Ward Phillips & Vineberg LLP, with a team that included Gillian Stacey, Patrick Moyer and Melanie Koszegi (corporate finance and securities), and Claire Kennedy and Elie Roth (tax).