1693062 Ontario Inc.

June 05, 2008 17:03 ET

1693062 Ontario Inc. Reports Results of Takeover Offers and Take-Up of Shares of Pyxis Capital Inc.

TORONTO, ONTARIO--(Marketwire - June 5, 2008) - 1693062 Ontario Inc. announces that 9,204,693 Common shares; 12,507,365 Non-voting shares; and 4,264,703 Dividend shares of Pyxis Capital Inc. were tendered to the Offers made in its April 29, 2008 Take-over Bid Circular. 1693062 Ontario Inc. will not be extending the Offers and will take up and pay for all shares tendered as soon as possible but no later than June 13, 2008.

The take up of the tendered shares brings 1693062 Ontario Inc.'s holdings to: 80.2% of the outstanding Common Shares; 83.7% of the outstanding Non-voting Shares; and 92% of the outstanding Dividend Shares. As previously stated in its April 29, 2008 Take-over Bid Circular, 1693062 Ontario Inc. will cause a Subsequent Acquisition Transaction to be initiated to acquire the remaining shares.

Contact Information

  • 1693062 Ontario Inc.
    Andrew Kim
    President
    (416) 867-9390
    (416) 946-1473 (FAX)