Business
Rocky Mountain Dealerships Inc. announces approval of amendments to and intention to redeem debentures
CALGARY, April 23, 2012 /CNW/ - Rocky Mountain Dealerships Inc. (" Rocky ") ( TSX:RME ; RM...
About this update from Roland Mineral Enterprises Corp.
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, April 23, 2012 /CNW/ - Rocky Mountain Dealerships Inc. (\"Rocky\") (TSX:RME; RME.DB) is pleased to announce that at the special meeting of its\n debentureholders held today, holders of its 7.00% convertible unsecured\n subordinated debentures (the \"Debentures\") approved amendments to the Debentures that will permit Rocky to\n redeem all Debentures that remain outstanding after completion of its\n issuer bid (the \"Issuer Bid\") at a redemption price equal to the offer price under the issuer bid,\n being $1,200 for each $1,000 principal amount of Debentures.  As such,\n Rocky intends to take-up and pay for all Debentures tendered to the\n Issuer Bid and redeem the remaining Debentures on Monday, April 30,\n 2012.  Debentureholders will receive approximately $1206.03 for each\n $1,000 principal amount of Debentures held, representing the offer or\n redemption price of $1,200, plus accrued and unpaid interest of\n approximately $6.03.\n\n\nFor further information on the Issuer Bid and the redemption of the\n Debentures, debentureholders are encouraged to read Rocky's combined\n notice of meeting, management information circular, offer to purchase\n and issuer bid circular dated February 21, 2012, as amended and\n supplemented by Rocky's notice of variation and extension dated March\n 29, 2012, and its combined notice of adjourned meeting, supplemental\n management information circular and notice of change and extension\n dated April 9, 2012 (collectively, the \"Circular\"), all of which are available on SEDAR at www.sedar.com.\n\n\nDebentureholders that wish to tender their Debentures to the Issuer Bid\n rather than have them redeemed must do so by 5:00 p.m. (Calgary time)\n on Friday, April 27, 2012, and are urged to immediately contact their\n investment advisor or broker to receive instructions on how to do so.\n\n\nRocky has appointed Kingsdale Shareholder Services Inc. to act as the\n Solicitation and Information Agent with respect to the Issuer Bid and\n the redemption.  If you have any questions or require any assistance with respect to the\n Issuer Bid or the redemption, including how to tender your Debentures\n to the Issuer Bid, you may contact the Solicitation and Information\n Agent by toll-free telephone in North America at 1-866-581-1489,\n collect call outside North America at 1-...