Vancouver, C.-B. (TSXV : PTF) Pender Growth Fund Inc. (la « société”) today announces that it has entered into a lock-up agreement (the "Lock-Up Agreement") with HUK 121 Limited (the "Offeror") pursuant to which the Company has agreed to tender its 6,886,981 Subordinated Voting Shares of Inscape Corporation (the "Inscape Shares") to the Offeror's proposed take-over bid to acquire all of the Inscape Shares at a price of $0.007 per share (the "Offer").
Gestion de capital PenderFund ltée (PenderFund”), a joint actor of the Company, holds 1,040,430 Inscape Shares on behalf of certain funds managed by it. Accordingly, together they hold an aggregate 7,927,321 Inscape Shares or approximately 55.12% of the total issued and outstanding Inscape Shares. In the event the Offer is completed, the Company and PenderFund will cease to hold any Inscape Shares.
An early warning report has been filed by the Company on Inscape's SEDAR profile. A copy of this report may be obtained by contacting Tony Rautava, Corporate Secretary of the Company, at (604)653-9625.
À propos de la société
Pender Growth Fund Inc. est une société d’investissement. Son objectif consiste à réaliser une croissance du capital à long terme. La société se sert de son modeste capital de base et de sa vision à long terme pour investir dans des situations uniques, principalement des entreprises à petite capitalisation, des situations spéciales et des entreprises publiques et privées non liquides. La société investit dans des entreprises publiques et privées, principalement situées au Canada et aux États-Unis et issues, dans une large mesure, du secteur de la technologie. Elle se négocie sur la Bourse de croissance TSX sous le symbole « PTF » et affiche la valeur de son actif net sur son site Web, généralement dans les cinq jours suivant la fin de chaque mois.
Veuillez visiter www.pendergrowthfund.com.
Pour plus de renseignements, veuillez communiquer avec :
Tony Rautava
Secrétaire général
Pender Growth Fund Inc.
(604) 653-9625
Sans frais : (866) 377-4743
Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué de presse.
Renseignements sur les énoncés prospectifs
This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate” and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the completion of the Offer and the disposition of the Inscape Shares by the Company. The forward-looking statements in this news release are based on certain assumptions; they are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.