TORONTO, May 30, 2022 (GLOBE NEWSWIRE) -- FAX Capital Corp. (TSX:FXC.TO) (“FAX” or the “Company”) today announced that it has filed its management information circular (the “Circular”) and related meeting materials for the annual general and special meeting (the “Meeting”) of holders of subordinate voting shares and multiple voting shares of the Company (the “Shareholders”) to be held on June 24, 2022. At the Meeting, Shareholders will be asked to consider, among other things, the proposed acquisition, indirectly through an acquisition company, by Fax Investments Inc. (“Fax Investments”), a wholly-owned subsidiary of Federated Capital Corp., of all of the issued and outstanding subordinate voting shares of FAX (the “Subordinate Voting Shares”) not already owned by Fax Investments or Blair Driscoll, the Company’s Chief Executive Officer (together, the “Continuing Shareholders”), by way of a statutory plan of arrangement under the Canada Business Corporations Act (the “Arrangement”). The Arrangement will be carried out pursuant to terms of an arrangement agreement between the Company, Fax Investments, 13998037 Canada Inc. and Federated Capital Corp. dated May 1, 2022 (the “Arrangement Agreement”).
FAX Capital Corp. Files Circular for Annual General and Special Meeting of Shareholders and Announces Receipt of Interim Court Order for Plan of Arrangement
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