Business
Industrial Growth Income Corporation Announces Proposed Qualifying Transaction
Feb. 23, 2011 (Canada NewsWire Group) -- / Not for distribution to U.S. Newswire Services or ...
About this update from Pyrogenesis Inc.
[{"type":"text","content":"\n\n\n Feb. 23, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/Not for distribution to U.S. Newswire Services or for dissemination in\n the United States. Any failure to comply with this restriction may\n constitute a violation of U.S. Securities laws./\n\n\nWINNIPEG, Feb. 23 /CNW/ - Industrial Growth Income Corporation (NEX:\n IGI.H) ("IGIC" or the "Corporation"), a capital pool company listed on\n the NEX board (the "NEX") of the TSX Venture Exchange (the "Exchange"),\n is pleased to announce that it has signed an arm's length letter of\n intent dated February 18, 2011 (the "Letter of Intent") with\n Pyrogenesis Canada Inc. ("PyroGenesis") to acquire all of the issued\n and outstanding shares of PyroGenesis. If completed, the proposed\n transaction (the "Qualifying Transaction") will constitute the\n qualifying transaction of IGIC pursuant to Policy 2.4 Capital Pool Companies of the Exchange (the "CPC Policy").\n\n\nThe Qualifying Transaction is not a "Non Arm's Length Qualifying\n Transaction" within the meaning of the CPC Policy.  Accordingly, the\n completion of the Qualifying Transaction is not subject to the approval\n of the shareholders of IGIC in accordance with the CPC Policy.\n\n\nTerms of the Qualifying Transaction:\n\n\nPursuant to the Letter of Intent, the principal terms of the Qualifying\n Transaction are as follows:\n\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n...