IPERCEPTIONS INC. ("IPE")
BULLETIN TYPE: Delist
BULLETIN DATE: March 27, 2012
TSX Venture Tier 2 Company
Further to the Company's news release dated March 16, 2012, the common shares of iPerceptions Inc. (the "Company") will be delisted from TSX Venture Exchange effective at the close of business, on Tuesday, March 27, 2012.
The delisting of the Company's common shares results from the completion of a Going Private Transaction, by way of amalgamation ("Amalgamation") of the Company and 8060975 Canada Inc. ("8060975"), a newly incorporated, indirect wholly-owned subsidiary of XPND Fund L.P. ("XPND"). Under the Amalgamation, each shareholder of the Company, except for the Rollover Shareholders (as that term is defined below), has received one redeemable preferred share in the capital of Amalco per common share held in the capital of the Company immediately prior to the Amalgamation. Immediately following the Amalgamation, each redeemable preferred share in the capital of Amalco has been automatically redeemed for $0.08 per share, payable in cash.
Telesysteme Ltee., Jerry Tarasofsky, Capability Snapshot Inc., The Elaine Tarasofsky Family Trust, Stephen James Berns, The Stephen James Berns Trust, Daniel Taras, Robert Duff Anderson, FIER ID, s.e.c. and FIER SUCCES, s.e.c. (collectively, the "Rollover Shareholders") have exchanged, immediately prior to the Transaction, all of their Shares for shares of a wholly-owned subsidiary of XPND that holds 100% of the shares of 8060975.
The Going Private Transaction was approved by a majority of the shareholders other than Rollover Shareholders at the shareholders' meeting held on March 14, 2012.
For more information, please consult the Company's Management Information Circular dated February 13, 2012.
IPERCEPTIONS INC. (" IPE ")
TYPE DE BULLETIN : Radiation de la cote
DATE DU BULLETIN : Le 27 mars 2012
Societe du groupe 2 de TSX Croissance
Suite au communique de presse de la societe emis les 16 mars 2012, les actions ordinaires de iPerceptions inc. (la " societe ") seront retirees de la cote de Bourse de croissance TSX a la fermeture des affaires le 27 mars 2012.
La radiation de la cote des actions ordinaires de la societe resulte de la realisation d'une operation de privatisation, par la voie d'une fusion (la " fusion ") de la societe et 8060975 Canada Inc. (" 8060975 "), une filiale indirecte en propriete exclusive du Fonds XPND S.E.C. (" XPND "). En vertu de la fusion, chaque actionnaire de la societe, a l'exception des actions detenues par les actionnaires vises par le roulement au sens des presentes, a recu une action privilegiee rachetable dans le capital d'Amalco par action ordinaire detenue dans le capital de la societe immediatement avant la fusion. Immediatement apres la fusion, chaque action privilegiee rachetable dans le capital d'Amalco a ete rachetee automatiquement au prix de 0,08 $ l'actions, payable en especes.
Telesysteme Ltee., Jerry Tarasofsky, Capability Snapshot Inc., la fiducie familiale Elaine Tarasofsky, Stephen James Berns, la fiducie Stephen James Berns, Daniel Taras, Robert Duff Anderson, FIER ID, s.e.c. et FIER SUCCES, s.e.c. (collectivement, les "actionnaires vises par le roulement") ont echange, immediatement avant la transaction, toutes leurs actions pour des actions de la filiale a part entiere de XPND qui detient 100 % des actions de 8060975.
L'operation de privatisation a ete acceptee par la majorite des actionnaires autres que les actionnaires vises par le roulement d'actions lors de l'assemblee des actionnaires tenue le 14 mars 2012.
Pour plus de renseignements, veuillez consulter la circulaire de sollicitation de procurations de la direction datee du 13 fevrier 2012.
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