CPVC Financial Corporation
TSX VENTURE : LHB

April 08, 2009 08:00 ET

CPVC Financial Corporation Confirms Completion of Going Private Transaction

CALGARY, ALBERTA--(Marketwire - April 8, 2009) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

CPVC Financial Corporation ("CPVC" or the "Corporation") (TSX VENTURE:LHB) confirmed today that its previously announced amalgamation is now complete (the "Amalgmation"). The Amalgamation was approved by the shareholders of CPVC at a special meeting of shareholders held on March 31, 2009 with 98% of the votes cast in favour. Pursuant to the Amalgamation, each common share of CPVC has been exchanged for, at the election of the holder, either one common share of the amalgamated company or a redeemable preferred share of the amalgamated company, which preferred shares will be immediately redeemed for a redemption amount of $0.02 cash per share.

The common shares of CPVC are expected to be de-listed from the TSX Venture Exchange as soon as practicable, following which CPVC plans to apply to the applicable securities regulatory authorities in order to cease to be a reporting issuer under applicable securities legislation.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.

Contact Information

  • CPVC Financial Corporation
    Alain Lambert
    President
    (514) 395-1191