SeaMiles Limited: Shares Under Settlement Agreement Clarification
October 27 2008 - 8:30AM
Marketwired
SeaMiles Limited (the "Company") (TSX VENTURE: SEE), North
America's premier cruise loyalty provider, announced today that it
wishes to supplement information contained in the press release
dated October 21, 2008 regarding the agreement to issue shares
pursuant to a settlement agreement reached with respect to
litigation involving SeaMiles, LLC (the "Agreement").
In addition to the issuance of 100,000 common shares in the
capital of the Company (the "Shares"), the Company will also be
issuing 200,000 Shares to be held in escrow to secure future
payments under the Agreement. Provided that such payments are made,
100,000 Shares will be released from escrow and cancelled by the
Company on each of the first and second anniversary dates of the
initial payment made by the Company.
ABOUT SEAMILES
SeaMiles is North America's premier cruise loyalty provider,
committed to recognizing and rewarding the cruiser through multiple
earning opportunities and best-in-class, maximum award flexibility
based on "Any Cruise Line...Any Time". Additional information can
be found at www.seamiles.com.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: SeaMiles Limited Peter Rooney President (416) 398-1555
Ext. 442 Email: peter.rooney@seamiles.com SeaMiles Limited Steven
Wise Chairman & CEO (416) 631-3400 Email: steven@seamiles.com
Website: www.seamiles.com
Intellectual Capital Group Ltd. (TSXV:SEE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Intellectual Capital Group Ltd. (TSXV:SEE)
Historical Stock Chart
From Sep 2023 to Sep 2024