Imvescor announces sale of Imvescor Securities by Fairfax

MONCTON, NB, April 2, 2013 /CNW Telbec/ - Imvescor Restaurant Group Inc. 
("Imvescor" or the "Company") (TSX: IRG) announced today that Fairfax 
Financial Holdings Limited ("Fairfax") has sold to GMP Securities L.P. ("GMP") 
all of the 9,897,509 common shares and 16,334,000 warrants of Imvescor it 
holds, representing 23.6% of the common shares of Imvescor on a non-diluted 
basis and 45.0% of the common shares of Imvescor on a partially diluted basis. 
Each warrant entitles the holder thereof to purchase one common share of 
Imvescor at an exercise price of $0.65. 
Closing of the sale is expected to occur on or about April16, 2013. The 
Company understands that GMP, an investment dealer, intends to resell the 
common shares and warrants of Imvescor purchased from Fairfax on a private 
placement basis as part of one or more transactions. 
Fairfax had initially made a significant investment in Imvescor in connection 
with a series of refinancing and recapitalization transactions completed in 
December 2011. "Fairfax greatly contributed to position the Company for a 
return to long-term growth and profitability. Even though Imvescor did not 
represent for Fairfax a significant portfolio investment, its generous advice 
and support significantly contributed to grow Imvescor into a stronger 
business with vastly increased expertise" said Denis Richard, President and 
Chief Executive Officer of Imvescor. "Today's announcement marks the beginning 
of a new chapter for Imvescor, and we are confident in our ability to take 
advantage of future opportunities as a widely-held, independent company", 
added Mr. Richard. 
As a result of the sale by Fairfax of all of its common shares and warrants of 
Imvescor, Fairfax's designees on the Company's Board of Directors, Bradley 
Martin and Ron D. Barbaro, have resigned their positions, effective as of the 
closing of the sale. "We wish to sincerely thank Brad and Ron for their 
contribution to the Board", said Mr. Richard. The Company intends to fill 
vacancies created by the resignation of Messrs. Martin and Barbaro and appoint 
a new Chair of the Board of Directors, a position previously held by Mr. 
Martin, in the near future. 
About Imvescor Restaurant Group Inc. 
Headquartered in Moncton, New Brunswick, Imvescor Restaurant Group owns 
franchised and corporate stores throughout Canada, under four brands: Pizza 
Delight® operates primarily in Atlantic Canada, where it dominates the 
family/mid-scale segment. Mikes® and Scores® restaurants operate primarily 
in Quebec in the family and casual dining segments and the take-out and 
delivery segments. Bâton Rouge® operates in Quebec, Ontario, Alberta and 
Nova Scotia in the casual dining segment. 
Cautionary Note Regarding Forward-Looking Statements 
Certain information in this press release regarding the Company, including, 
but not limited to, the Company's business objectives, strategies and 
priorities, and other statements that are not historical facts, are 
"forward-looking statements" within the meaning of applicable securities laws. 
Forward-looking statements involve known and unknown risks, uncertainties and 
other factors outside the Company's control referenced in the Company's 
continuous disclosure filings which are available on SEDAR at 
Although the forward-looking statements contained herein are based upon what 
the Company believes to be reasonable assumptions on the date of this press 
release, the Company cannot assure investors that actual results will be 
consistent with these forward-looking statements. The Company assumes no 
obligation to update such forward-looking statements to reflect new 
information, future events or otherwise, except as required by applicable 
securities laws. 
Denis Richard President and Chief Executive Officer Imvescor Restaurant Group 
Inc. Tel.: 514-341-5544 
For more information about our brands: 
Pizza Delight® Mikes® 
Scores® Bâton Rouge® 
SOURCE: Imvescor Restaurant Group Inc. 
To view this news release in HTML formatting, please use the following URL: 
CO: Imvescor Restaurant Group Inc.
ST: New Brunswick
NI: RES 2523 FIN  
-0- Apr/02/2013 13:10 GMT
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