Broadview Press Inc.

Broadview Press Inc.

November 24, 2009 14:20 ET

Broadview Press Inc. to Propose Going Private

CALGARY, ALBERTA--(Marketwire - Nov. 24, 2009) - Broadview Press (TSX VENTURE:BDP) announces that its Board of Directors has approved in principle the proposing to all shareholders of an issuer bid and share consolidation that together would, if approved, result in the company being taken private (the "Going Private Plan"). The Board has commissioned an independent valuation of the company, and expects to make an announcement in the near future regarding the specifics of the Going Private Plan that will be subject to the approval of the TSX Venture Exchange. The date of a shareholders' meeting will be announced once the company is ready to proceed.

As recently announced, the company has recently negotiated a loan with Jekam Holdings that is intended to help the company finance an issuer bid.

Broadview's most recent quarterly financial statements, as well as its management discussion and analysis of these results, can be read by visiting Broadview Press is an internationally-oriented, Canadian-based academic book publisher.

Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Broadview Press Inc.
    Don LePan
    President and CEO
    (250) 824-5015