August 13, 2009 (FinancialWire) — IMAX Corp. (NASDAQ: IMAX) (TSX: IMX) announced the pricing of its public offering of 5,882,353 of its common shares at $8.50 per share.

Gross proceeds from the offering are expected to be approximately $50 million. IMAX has granted the underwriter an option to purchase up to an additional 882,353 shares of common stock at the public offering price, less the underwriting commission, within 30 days following pricing. The offering is expected to close on or around August 17, 2009.

IMAX intends to use the net proceeds from the offering for the repayment of debt, including a portion of its 9 5/8% senior notes due December 2010. IMAX intends to refinance the remainder of its existing indebtedness through cash flow from operations and future debt financings.

Roth Capital Partners, LLC acted as the sole underwriter for the offering.

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