Amalgamation of BV! Media with a subsidiary of Rogers Media is complete
October 01 2010 - 2:46PM
PR Newswire (Canada)
MONTREAL, Oct 1 /CNW/ -- MONTREAL, Oct 1 /CNW Telbec/ -
BV! Media Inc. (TSX-V: BVM, "BV! Media") is pleased to
announce that the proposed amalgamation (the "Amalgamation") of
BV! Media with 7557175 Canada Inc., a wholly-owned
subsidiary of Rogers Media Inc., was completed today. The
completion follows the approval of the Amalgamation by the
shareholders of BV! Media at the special meeting of the
Corporation's shareholders held on September 29, 2010. The
common shares of BV! Media are being delisted from the TSX
Venture and BV! Media will become a private company. In
connection with the Amalgamation, all shareholders will receive one
redeemable share (an "Amalco Redeemable Share") of the amalgamated
corporation ("Amalco") for each share of BV! Media held
immediately prior to the Amalgamation. Each Amalco Redeemable Share
will, immediately after the Amalgamation, be redeemed for $0.40
payable in cash by Amalco. The amalgamated corporation will
continue under the BV! Media Inc. name. About BV! Media BV! Media
is a leading Canadian Internet advertising network, representing
exclusively over 400 top-tier publishers with a combined reach of
over 15 million unique visitors per month in Canada, and the
publisher of the BRANCHEZ-VOUS! news and information portal. BV!
Media is listed on the TSX Venture Exchange under the symbol BVM
and has approximately 60.5 million shares outstanding. Additional
information on BV! Media can be obtained on SEDAR and at
www.bvmedia.ca.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. p align="justify"Tom Vorias, Chief
Financial Officerbr/514.337.9065 ext. 223br/a
href="mailto:tvorias@bvmedia.ca"tvorias@bvmedia.ca/a/p
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