TTL Tigertel Communications (Tier2)

TigerTel Communications Inc. ("TigerTel") (TSX VENTURE:TTL) has confirmed that,
effective at 12:01 a.m. today, it amalgamated with 7212747 Canada Inc.
("Swiftco") to form a company also to be known as "TigerTel Communications Inc."
("Amalco"). The amalgamation was completed pursuant to the terms of a business
combination agreement between TigerTel and Swiftco made September 8, 2009
("BCA") and was approved by the shareholders of TigerTel at its Annual and
Special Meeting of Shareholders held on October 20, 2009.


Effective upon the amalgamation, all of the common shares of TigerTel, other
than those held by Swiftco, were converted into an equal number of Amalco
Redeemable Preferred Shares, which shares were immediately redeemed for $0.25
cash per share. The shareholders of Swiftco have become the shareholders of
Amalco. Amalco has applied to have its shares delisted from trading on the TSX
Venture Exchange, which is expected to occur as early as close of business on
October 23, 2009. It is also applying to cease to be a reporting issuer in each
of British Columbia, Alberta and Ontario, and consequently become a private
company.


As required under the terms of the BCA, prior to the completion of the
amalgamation, Swiftco deposited with Equity Transfer & Trust Company, as
depositary, the aggregate redemption price of all of the Amalco Redeemable
Preferred Shares that were issuable upon the amalgamation. Registered holders of
such shares may obtain the redemption amount for their shares by following the
instructions set out in the TigerTel Management Information Circular relating to
the Annual and Special Meeting and the Letter of Transmittal that accompanied
same, copies of which are available on SEDAR at www.sedar.com. Beneficial
holders of such shares are advised to consult their investment dealer, broker,
bank manager or other professional advisor in respect of completing such
redemption and obtaining the redemption price for their shares.


Amalco is controlled by Douglas D. Swift, TigerTel's President and CEO, Donald
H. Swift, the former Chairman of TigerTel's Board of Directors, and five members
of TigerTel's senior management team.


This news release may contain forward-looking statements that involve risks and
uncertainties and are based on current expectations of TigerTel. Consequently,
actual results could differ materially from the expectations expressed in such
forward-looking statements.


About TigerTel

TigerTel, a Canadian call center organization, specializes in inbound and
outbound call center solutions and services for clients throughout North
America. With multiple call centers across Canada, TigerTel has built an
infrastructure that provides personalized services to our clients while at the
same time delivering world-class results at every level. TigerTel's vision is to
provide interactive communication solutions for our clients and their customers
by a team focused on service excellence, personal integrity and technical
innovation.

Tigertel Communications (Tier2) (TSXV:TTL)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Tigertel Communications (Tier2) (TSXV:TTL)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024