On
The common shares of the Company will then be voluntarily delisted from the
The purchased common shares will be deemed to be repurchased and cancelled and the rights of the former holders thereof are limited to receiving without interest the purchase price of CAN$0.30 per common share (pre-consolidated basis) against presentation and surrender of their share certificates together with a duly completed letter of transmittal. After the purchase of the common shares, the holders of the certificates representing the common shares will not be entitled to exercise any rights in respect of such common shares except to receive the purchase price.
Registered shareholders with addresses in
Forward-Looking Statements
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this news release includes information relating to the share consolidation, purchase of shares, delisting and the ceasing to be a reporting issuer. The forward-looking information is based on certain assumptions, which could change materially in the future, including the assumption that the Company will be able to consolidate the common shares, purchase for cancellation the common shares, delist the common shares from the TSX, and cease to be a reporting issuer. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risk that the Company may not be able to delist or cease to be a reporting issuer as expected, after a delay or at all. These and other risks are further described under "Risk Factors" in the Company's Annual Information Form dated
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
SOURCE
© Canada Newswire, source