Siacom Canada Inc.

March 31, 2015 17:36 ET

Siacom Canada Inc Acquires Ownership of MRRM Inc.

MONTREAL, QUEBEC--(Marketwired - March 31, 2015) - Siacom Canada inc. ("Siacom Canada"), a company controlled by Marbour S.A.S., announces that it has acquired ownership over all of the issued and outstanding common shares of MRRM Inc. ("MRRM") being 53,900 common shares (the "Common Shares") by way of an amalgamation of its subsidiary, 9135430 Canada Inc., with MRRM under Section 181 of the Canada Business Corporations Act (the "Amalgamation").

As part of the Amalgamation, all of the issued and outstanding common shares of MRRM before the Amalgamation were automatically converted into redeemable preferred shares of the amalgamated company (the "Amalco Redeemable Shares"). Each Amalco Redeemable Share was immediately redeemed for a consideration payable in cash of $4.45.

Marbour S.A.S., the parent of Siacom Canada, initiated the Amalgamation to take control over MRRM and subsequently privatize it.

Siacom Canada relied on the prospectus exemption contained in Section 2.11 of National Instrument 45-106 - Prospectus and Registration Exemptions.

Contact Information

  • Jean Bourdillon
    Tel: +33 4 91 34 89 12
    Siacom Canada Inc.
    1000 De La Gauchetière Street West
    Suite 3700
    Montreal, Quebec H3B 4W5