Pan-O-Lac Ltd.

June 02, 2006 16:39 ET

Pan-O-Lac Ltd. Still Waiting to Receive Ernst & Young Evaluation in Order to Enclose Summary With Takeover Bid for Amisk Inc.

MONTREAL, QUEBEC--(CCNMatthews - June 2, 2006) - In its press release of April 27, 2006 Pan-O-Lac Ltd. announced its intention to make a takeover bid. for the purchase of all of the outstanding shares of Amisk Inc. ("Amisk") at a price of $0.40 per share. As Pan-O-Lac already holds 53.8% of the outstanding shares, a valuation report is required to be prepared by an independent firm.

In its press release of May 19, 2006 Pan-O-Lac explained that it was waiting for the valuation report of Ernst&Young prior to putting the takeover bid in the mail.

According to information that Pan-O-Lac received from Amisk this week the valuation report will be available next week. Pan-O-Lac therefore intends mailing the offer on or about June 9, 2006.

Contact Information

  • Pan-O-Lac Ltd.
    Jean-Louis Vigneault
    (418) 542-5666
    (418) 542-4046 (FAX)