Integrated Asset Management Corp.
TSX VENTURE : IAM

Integrated Asset Management Corp.

November 03, 2006 08:48 ET

Integrated Asset Management Corp. Announces BluMont Capital Inc. Offer Will Expire on November 10, 2006

TORONTO, ONTARIO--(CCNMatthews - Nov. 3, 2006) - Integrated Asset Management Corp. ("IAM") (TSX VENTURE:IAM) today announced that its formal exchange offer (the "Offer") for any and all of the common shares of BluMont Capital Inc. ("BluMont") will expire on November 10, 2006 and will not be extended further.

The Offer is set out in the offer and take-over bid circular dated September 20, 2006, and was open for acceptance until 8:00p.m. (Toronto time) on October 27, 2006.

On October 27, 2006, IAM announced that it had taken up 3,173,603 common shares of BluMont and, as a result, owns approximately 55.7% of the outstanding shares of BluMont. In addition, IAM extended the expiry time of the Offer to 8:00p.m. (Toronto time) on November 10, 2006.

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