Business
Rocky Mountain Dealerships Inc. announces adjourned Debentureholder meeting to be held April 23, 2012 and offer to acquire all of its outstanding Debentures extended to April 27, 2012
CALGARY, April 10, 2012 /CNW/ - Rocky Mountain Dealerships Inc. (" Rocky ") ( TSX: RME) (...
About this update from Roland Mineral Enterprises Corp.
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, April 10, 2012 /CNW/ - Rocky Mountain Dealerships Inc. (\"Rocky\") (TSX: RME) (TSX: RME.DB) is pleased to announce that the adjourned meeting (the \"Meeting\") of holders (\"Debentureholders\") of its 7.00% convertible unsecured subordinated debentures (the \"Debentures\") originally held on March 23, 2012 will be held on April 23, 2012 and\n that its offer to purchase (the \"Offer\") all of the outstanding Debentures at a purchase price of $1,200 for\n each $1,000 principal amount of Debentures (the \"Offer Price\") has been further extended to April 27, 2012.\n\n\nAs previously announced, the Meeting was adjourned on March 23rd so as to give Debentureholders sufficient time to consider Rocky's\n increase in the Offer Price from $1,125 to $1,200 for each $1,000\n principal amount of Debentures, and to allow Rocky to prepare a\n supplemental management information circular describing the enhanced\n terms of the Offer and the related redemption.  Rocky has now mailed to\n Debentureholders a combined notice of adjourned meeting, supplemental\n management information circular and notice of change and extension (the\n \"Supplemental Circular\") in connection therewith.  The Supplemental Circular supplements\n Rocky's combined notice of meeting, management information circular,\n offer to purchase and issuer bid circular dated February, 21, 2012, as\n amended and supplemented by Rocky's notice of variation and extension\n dated March 29, 2012, all of which are available on SEDAR at www.sedar.com, and includes an updated independent valuation of the Debentures.\n\n\nAt the Meeting, Debentureholders will be asked to consider and approve\n amendments to the trust indenture governing the Debentures that will\n permit Rocky to redeem any Debentures not tendered to the Offer at a\n redemption price equal to the Offer Price (the \"Redemption\").\n\n\nThe Board of Directors of Rocky (the \"Board\") has determined that the Offer and the Redemption are in the best\n interest of Rocky and its shareholders, and has authorized the making\n of the Offer and the submission of the Redemption to Debentureholders\n for their consideration. Neither Rocky nor its Board makes any\n recommendation to Debentureholders as to whether to tender or refrain\n from tendering their Debentures to the Offer, or as to how to vote with\...