Consolidated Envirowaste to Be Acquired by Major Shareholder Group
13 Noviembre 2009 - 6:14PM
Marketwired
Consolidated Envirowaste Industries Inc. (TSX VENTURE: CWD) -
Consolidated Envirowaste Industries Inc. (the "Company")
announces today that it has entered into a definitive agreement
pursuant to which James Darby and Douglas Halward (together, the
"Acquiring Shareholders") have agreed to acquire, by plan of
arrangement (the "Arrangement"), all of the issued and outstanding
common shares of the Company not owned by the Acquiring
Shareholders or their spouses, for $0.14 per common share in
cash.
The transaction will be structured as a plan of arrangement
under the Business Corporations Act (British Columbia). On
completion of the Arrangement, all outstanding common shares of the
Company not owned by the Acquiring Shareholders or their spouses
will be transferred to the Acquiring Shareholders in exchange for a
cash payment of $0.14 per share.
Closing of the Arrangement is subject to customary conditions,
including approval by a favourable vote of at least two-thirds of
the votes cast in person or by proxy by shareholders at a special
meeting of shareholders, and the receipt of Court and regulatory
approvals. In addition, in accordance with the requirements of the
TSX Venture Exchange and applicable securities laws, the
transaction is subject to approval by a majority of the votes cast
in person or by proxy by the disinterested shareholders of the
Company, which excludes the Acquiring Shareholders and their
associates. The Acquiring Shareholders and their associates
currently hold approximately 70.9% of the outstanding shares of the
Company.
The Special Committee of the Board of Directors of the Company
has recommended that shareholders vote in favour of the
Arrangement.
An information circular for the special shareholders' meeting of
the Company is expected to be mailed in late November, 2009.
James Williams, Director
On behalf of the Board of Directors,
Consolidated Envirowaste Industries Inc.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Consolidated Envirowaste Industries Inc. Doug Halward
604-856-6836
Cons Envirowaste Industries Inc. (Tier1) (TSXV:CWD)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Cons Envirowaste Industries Inc. (Tier1) (TSXV:CWD)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Cons Envirowaste Industries Inc. (Tier1) (TSX Venture Exchange): 0 recent articles
Más de Consolidated Envirowaste Industries Inc. Artículos de Noticias