Integrated Asset Management Corp.
TSX VENTURE : IAM

Integrated Asset Management Corp.

November 13, 2006 09:26 ET

Integrated Asset Management Corp. Announces 61.4% Ownership of BluMont Capital Inc.

TORONTO, ONTARIO--(CCNMatthews - Nov. 13, 2006) - Integrated Asset Management Corp. ("IAM")(TSX VENTURE:IAM) today announced that an additional 1,836,838 common shares of BluMont Capital Inc. ("BluMont") were taken up by IAM pursuant to its formal exchange offer (the "Offer") at the expiry time of the subsequent offering period on November 10, 2006.

Combined with the 3,239,103 BluMont shares taken up by IAM in respect of the initial offering period that ended on October 27, 2006 and IAM's 46.2% ownership of BluMont shares at the initiating of the Offer, IAM now beneficially owns 20,509,274 shares or approximately 61.4% of the outstanding shares of BluMont. All of the conditions of the Offer were satisfied at the expiry time.

Further details of the Offer are contained in the Offer and take-over bid circular and other related documents available on SEDAR at www.sedar.com.

This press release is neither an offer to purchase securities nor a solicitation of an offer to sell any securities. Such an offer to purchase securities of BluMont may only be made pursuant to the Offer and take-over bid circular filed with the securities regulatory authorities in Canada.

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

Contact Information

  • Integrated Asset Management Corp.
    Stephen Johnson
    Chief Financial Officer
    (416) 933-8278
    Email: sjohnson@iamgroup.ca