CHR Investment Corporation

November 04, 2013 19:06 ET

CHR Announces the Redemption of Class A Retractable Voting Preferred Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2013) - CHR Investment Corporation (the "Company") announced that at a special meeting of the Company held on October 31, 2013, the holders of its Class A Retractable Voting Preferred Shares (the "Class A Shares") and common shares (the "Common Shares"), voting together as one class, and the holders of the Class A Shares, voting separately as a class, approved separate special resolutions authorizing the alteration of the Articles of the Company to change the special rights and restrictions attached to the Class A Shares to include a redemption right entitling the Company to redeem the Class A Shares of the Company at a price of $0.056401 per Class A Share, together with an amount equal to all accrued and unpaid dividends thereon, being the sum of $0.006768 per share, for a total price of $0.063169 for each Class A Share.

Pursuant to its altered Articles and a notice provided to the holders of its Class A Shares, the Company redeemed all of the issued and outstanding Class A Shares, effective November 4, 2013, and such Class A Shares have been cancelled and restored to the status of authorized but unissued shares in the capital of the Company.

On behalf of the Board of Directors

Robert Friesen, President and Chief Financial Officer

Contact Information

  • CHR Investment Corporation
    Suite 404 - 999 Canada Place
    Vancouver, British Columbia V6C 3E2
    (604) 687-5551