Centiva Capital Inc.

Centiva Capital Inc.

September 23, 2011 17:10 ET

Centiva Announces Shareholder Approval of Plan of Arrangement

TORONTO, ONTARIO--(Marketwire - Sept. 23, 2011) - Centiva Capital Inc. (TSX VENTURE:CVC) ("Centiva" or the "Company") is pleased to announce that at its annual and general meeting of shareholders held earlier today, shareholders of Centiva approved all proposed resolutions including the previously announced plan of arrangement (the "Arrangement") with Aylen Capital Inc.

The closing of the Arrangement is subject to final approval from the Ontario Superior Court and other regulatory approvals including approval of the TSX Venture Exchange. The Arrangement is expected to close on or around September 29, 2011.

Centiva is also pleased to announce the election of Charles C. Spackman, Martin A. Mohabeer and Richard Lee to the board of directors of the Company. Shareholders re-elected John D. Pennal and Brian Hemming as directors of the Company. Douglas Babcook did not stand for re-election and the Company wishes to thank him for all his contributions to Centiva during his term as board director.

Neither the Exchange nor its regulation services provider (as that term is defined in the policies of the Exchange) has in any way passed upon the merits of the proposed transactions and neither of the foregoing entities has approved or disapproved of the contents of this press release.

Contact Information

  • Centiva Capital Inc.
    John D. Pennal
    CEO & President
    (416) 956-4926