Humpty's Restaurants International Inc.

Humpty's Restaurants International Inc.

August 31, 2009 18:28 ET

Humpty's Restaurants International Inc. Receives Shareholder and Court Approval for Going Private Plan of Arrangement

CALGARY, ALBERTA--(Marketwire - Aug. 31, 2009) - Humpty's Restaurants International Inc. (TSX VENTURE:HMP) (the "Corporation") is pleased to announce that at the annual and special meeting held today shareholders have approved the previously announced Plan of Arrangement whereby 823533 Alberta Ltd., a company controlled by Don Koenig and Jan Koenig, both directors and officers of the Corporation, will acquire all of the issued and outstanding common shares of the Corporation not already owned by 823533 Alberta Ltd. or its beneficial shareholders at $0.26 per share.

The Corporation further announces that the Court of Queen's Bench of Alberta has today also granted a final order approving the Arrangement. Subject to the completion of certain closing matters, it is anticipated that the Arrangement will become effective on or before September 30, 2009.

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."

This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities of the Corporation in any jurisdiction, including the United States. The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and have not been and will not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

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.

Contact Information

  • Humpty's Restaurants International Inc.
    Don Koenig
    President and CEO
    (403) 269-4675
    Humpty's Restaurants International Inc.
    Bert Messier
    (403) 283-3200