Lombardi Media Corporation

August 28, 2007 08:30 ET

Lombardi Media Corporation: Consolidation and Going Private Transaction

TORONTO, ONTARIO--(Marketwire - Aug. 28, 2007) - Lombardi Media Corporation (the "Corporation") (TSX VENTURE:LC) announced today that it has received shareholder approval for the previously announced Consolidation proposal and going private transaction. Pursuant to the terms of the Consolidation, the shareholders of the Corporation will receive $0.22 CDN per share.

The Corporation intends to file articles of amendment giving effect to the Consolidation on or about September 1, 2007. Subsequent to the completion of the Consolidation, the Corporation will proceed to de-list its shares from the TSX Venture Exchange and to cause the Corporation to cease to be a reporting issuer under the securities laws of each province in which it is a reporting issuer.

Contact Information

  • Lombardi Media Corporation
    Carlo Cucullo
    Chief Financial Officer
    (905) 760-9929 x230