Business
Kelso & Company Announces Expiry and Completion of Compulsory Acquisition of Remaining Common Shares
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DESTINATION IN THE UNITED STATES M...
About this update from Etruscus Resources Corp.
[{"type":"text","content":"\n\n\nNOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DESTINATION IN THE\n UNITED STATES\n\n\nMONTREAL AND VANCOUVER, Aug. 28, 2013 /CNW Telbec/ - Kelso and EACOM are\n pleased to jointly announce that ET Acquisition Corporation (\"ETA\"), a\n corporation indirectly owned by funds managed by Kelso, has\n successfully acquired the 11,970,098 remaining Common Shares of EACOM\n not already acquired by ETA and its affiliates pursuant to the offer to\n acquire all of the shares of EACOM made on April 5, 2013 (the \"Offer\").\n The acquisition of the 11,970,098 Common Shares was made pursuant to a\n compulsory acquisition carried out under the provisions of the Business Corporations Act (British Columbia) following its previously announced successful\n take-over bid. As a result of the acquisition of such shares, ETA and\n its affiliates now own 100% of the issued and outstanding Common Shares\n of EACOM.\n\n\nIt is anticipated that the Common Shares will be delisted from the TSX\n Venture Exchange on or about August 30, 2013. EACOM also announces that\n it will apply to the relevant securities commissions to cease to be a\n reporting issuer in all applicable jurisdictions.\n\n\nDetails of the compulsory acquisition and the Offer, as amended and\n supplemented by the notice of extension dated May 10, 2013 and June 14,\n 2013, to purchase all of the issued and outstanding Common Shares in\n the capital of EACOM at a price of $0.38 per Common Share were\n previously press released and complete information about the compulsory\n acquisition and the Offer and other related documents are available at www.sedar.com.\n\n\nAbout EACOM\n\n\nEACOM Timber Corporation is a TSX-V listed company. The business\n activities of EACOM consist of the manufacturing, marketing and\n distribution of lumber, wood chips and woodbased value-added products,\n and the management of forest resources. EACOM owns eight sawmills, all\n located in Eastern Canada, and related tenures. The mills are Timmins,\n Nairn Centre, Gogama, Elk Lake and Ear Falls in Ontario, and Val-d'Or,\n Ste-Marie and Matagami in Quebec. The mills in Ear Falls, Ontario and\n Ste-Marie, Quebec are currently idled.  The mill in Timmins, which was\n seriously damaged by fire in January 2012, is under reconstruction.\n EACOM also owns a lumber remanufacturing facility in Val-d'Or, Quebec,\...