VANCOUVER, March 11, 2013 /CNW/ - 0915988 B.C. Ltd. (the "Company") announced
that it has entered into an Arrangement Agreement (the "Arrangement
Agreement") providing for the acquisition of all of the Company's issued and
outstanding common shares by MFC Industrial Ltd. by way of a plan of
arrangement under the Business Corporations Act (British Columbia) (the
The consideration under the Arrangement to be paid to the Company's
shareholders is $0.02 per common share.
Completion of the Arrangement is subject to customary conditions, including,
among other things, approval of the Arrangement by: (i) not less than 66⅔%
of the votes cast by shareholders, in person or by proxy, at the Meeting; and
(ii) a majority of the votes cast by shareholders, excluding votes cast by the
acquirer, pursuant to Multilateral Instrument 61-101 and the receipt of
required court approvals. The Company anticipates the meeting to occur on or
about April 16, 2013 and the Arrangement to be completed shortly thereafter
(the "Meeting"). Further information respecting the Arrangement will be
included in the materials related to the Meeting.
Contact: Larry Underwood, 604-683-5767
SOURCE: 0915988 B.C. Ltd.
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CO: 0915988 B.C. Ltd.
ST: British Columbia
NI: FIN MNA
-0- Mar/11/2013 23:17 GMT
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