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Results of Adjourned Special Meetings of Shareholders and Debentureholders of LOGiQ Asset Management Inc.
Results of Adjourned Special Meetings of Shareholders and Debentureholders of LOGiQ Asset ...
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[{"type":"text","content":"\n\n\n\nResults of Adjourned Special Meetings of Shareholders and Debentureholders of LOGiQ Asset Management Inc.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 8, 2017\n\n\n\nTORONTO, Dec. 8, 2017 /CNW/ - LOGiQ Asset Management Inc. (\"LOGiQ\", or the \"Company\") (TSX:LGQ) today held the adjourned special meetings (the \"Meetings\") of the holders (the \"Shareholders\") of the common shares in the capital of the Company and the holders (the \"Debentureholders\") of the Company's 7.00% senior unsecured convertible debentures due June 30, 2021 (the \"Debentures\"). \n\nOn September 11, 2017, the Company entered into an agreement with Purpose Investments Inc. (the \"Purchaser\") pursuant to which, and subject to the terms and conditions thereof, the Purchaser agreed to acquire and the Company agreed to sell the asset management agreements and related assets relating to all of the retail investment funds (the \"Funds\") currently managed by LOGiQ Asset Management Ltd., LOGiQ Capital Partners Inc. and LOGiQ Capital 2016, the Company's registered subsidiaries (the \"Transaction\"). The purpose of the Meetings was to consider and approve special resolutions to approve the Transaction, as well as certain amendments (the \"Debenture Amendments\") to the indenture governing the Debentures (the \"Indenture\").\n\nAt the Meeting, Shareholders and Debentureholders approved the special resolutions approving the Transaction and the Debenture Amendments. Complete details regarding the matters considered at the Meetings were outlin...