Strategem Announces Final Results of Substantial Issuer Bid
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/22/16 -- Strategem Capital Corporation ("Strategem" or the "Company") (TSX VENTURE: SGE) today announced the final results of its substantial issuer bid (the "Offer") to repurchase for cancellation up to 750,000 Class A common shares (the "Class A Shares"), which expired at 5:00 p.m. (Eastern time) on February 16, 2016.
Based on the final count by Computershare Investor Services Inc., as depositary for the Offer (the "Depositary"), Strategem has taken up and paid for 592,557 Class A Shares at a purchase price of $1.00 per Class A Share for an aggregate cost of $592,557, excluding fees and expenses relating to the Offer.
The Class A Shares purchased under the Offer represent 11.9% of the Class A Shares issued and outstanding prior to giving effect to the Offer. After giving effect to the Offer, the number of issued and outstanding Class A Shares will be 4,370,999 and 220 Class B common shares.
Based on the final count by the Depositary, a total of 592,557 Class A Shares were properly tendered to the Offer and not withdrawn. Payment for the purchased Class A Shares will be effected by the Depositary in accordance with the Offer and applicable law.
About Strategem Capital Corporation
Strategem is a publicly-traded merchant bank involved in acquiring interests in and developing companies with growth potential. The Company takes early debt and/or equity positions in such growth companies. The Company''s focus is on companies that explore or develop natural resources.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Strategem Capital Corporation
Kenneth Morgan
President and Chief Executive Officer
604-692-0073
604-692-0074 (FAX)
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Datum: 22.02.2016 - 19:22 Uhr
Sprache: Deutsch
News-ID 1416830
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