VANCOUVER, April 19, 2013 /CNW/ - 0915988 B.C. Ltd. (the "Company") and MFC
Industrial Ltd. announced today that the previously announced arrangement (the
"Arrangement") under the Business Corporations Act (British Columbia) has been
completed. The Arrangement received requisite shareholder approval on April
16, 2013 and was approved by the Supreme Court of British Columbia on April
Pursuant to the Arrangement, MFCI acquired all of the common shares of the
Company (the "Voting Shares") not already owned by it in exchange for cash
consideration of $0.02 per share (the "Per Share Consideration") and now holds
100% of the outstanding shares of the Company.
Upon surrender to Computershare Investor Services Inc. (the "Depositary") of
certificates representing Voting Shares that were outstanding immediately
prior to the effective time of the Arrangement together with a duly completed
and executed Letter of Transmittal, registered holders of such Voting Shares
are entitled to receive the Per Share Consideration, pursuant to, and subject
to the terms and conditions of, the plan of arrangement, less any applicable
withholdings. Any questions regarding payment of the Per Share Consideration,
including any requests for an additional copy of the requisite Letter of
Transmittal, should be directed to the Depositary via telephone at
1-800-564-6253 (toll free in North America) or via email at
Non-registered holders of Voting Shares that were outstanding immediately
prior to the effective time of the Arrangement should contact their nominee
(i.e., broker, trust company, bank or other registered holder) which holds the
certificates representing such securities on their behalf to arrange for
surrender and payment pursuant to the Arrangement.
The parties will cause the dissolution of the Company and the Company intends
to apply to the relevant securities regulatory authorities to cease to be a
reporting issuer in each of the jurisdictions in Canada in which it is
Rene Randall MFC Industrial Ltd. (604) 683-8286 ex 224
SOURCE: 0915988 B.C. Ltd.
To view this news release in HTML formatting, please use the following URL:
CO: 0915988 B.C. Ltd.
ST: British Columbia
NI: MNA FIN
-0- Apr/19/2013 11:30 GMT
Press spacebar to pause and continue. Press esc to stop.