ESPOO, Finland, Oct. 30 /CNW/ -- This press release is issued by Turret Oy AB, a Finnish limited liability company ("Turret") pursuant to Section 5.2 of MI 62-104, Part 3 of NI 62-103, the Securities Act (British Columbia) and the Securities Act (Alberta) with respect to the securities of Con-Space Communications Ltd. ("Con-Space").
On August 20, 2009, Turret entered into an arrangement agreement (the "Arrangement Agreement") with the Con-Space pursuant to which Turret agreed to acquire all of the outstanding common shares of the Con-Space that it did not own at a price of $0.03 per share. Completion of the arrangement under the Arrangement Agreement (the "Arrangement") was conditional upon the fulfillment of certain conditions, including approval by a majority of the minority of Con-Space's shareholders (excluding Turret) and the receipt of all necessary regulatory approvals.
The Arrangement completed on October 30, 2009, and Turret owns all of the outstanding common shares of the Con-Space.
DATED as of October 30, 2009.
TURRET OY AB
