Business
Insta-Rent announces successful bid by easyhome
EDMONTON, Sept. 26 /CNW/ - Insta-Rent Inc. (TSX-V: IRR) ("Insta-Rent" or the "Company") announced...
About this update from Apollo Silver Corp
[{"type":"text","content":"\n\n\n\nEDMONTON, Sept. 26 /CNW/ - Insta-Rent Inc. (TSX-V: IRR) ("Insta-Rent" or\nthe "Company") announced today that 17,594,649 Insta-Rent shares, representing\napproximately 89% of the outstanding Insta-Rent shares on a fully-diluted\nbasis, were validly deposited to easyhome Ltd.'s ("easyhome") offer dated\nAugust 20, 2008 (the "Offer"). easyhome has taken-up the shares deposited\nunder the Offer and will pay $0.50 per deposited Insta-Rent share on or before\nSeptember 30, 2008.\n\n\nIt is intended that the board of directors of Insta-Rent will be replaced\nby easyhome appointees after the Insta-Rent shares are paid for and, at such\ntime, a press release will be issued.\n\n\nIn order to enable those shareholders who have not yet tendered their\nInsta-Rent shares to the Offer to do so, easyhome announced that it has\nextended the Offer to 9:00 a.m. (Toronto time) on October 7, 2008, unless\nfurther extended. Except for this extension, the terms and conditions\npreviously set forth in the Offer continue to be applicable in all respects.\neasyhome announced that it will mail a Notice of Extension to all registered\nholders of Insta-Rent common shares whose shares were not taken-up before the\ndate of this extension.\n\n\neasyhome has further announced that if it is successful in acquiring 90%\nof the Insta-Rent shares under the Offer, easyhome intends to acquire all of\nthe remaining Insta-Rent shares by way of a statutory compulsory acquisition.\nIn the event that easyhome does not acquire 90% of the Insta-Rent shares under\nthe Offer, it intends to cause a meeting of Insta-Rent shareholders to be held\nto consider an amalgamation, by which easyhome would acquire all of the issued\nand outstanding Insta-Rent shares.\n\n\nInsta-Rent shareholders are advised to read the Notice of Extension, the\nOffer to Purchase and Circular, the Directors' Circular and related documents,\nwhich are or will be filed with the Canadian securities commissions, as they\ncontain important information. Shareholders will also be able to obtain a copy\nof the material on the System for Electronic Document Analysis and Retrieval\n(SEDAR) at www.sedar.com.\n\n\nAbout Insta-Rent\n\n\nInsta-Rent operates 50 locations across Canada under the Insta-Rent\nbanner. Insta-Rent rents brand-name furniture, appliances, electr...