NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
TORONTO, July 04, 2022 (GLOBE NEWSWIRE) -- FAX Capital Corp. (TSX:FXC.TO) (the “Company”) is pleased to announce that, pursuant to the previously announced plan of arrangement under the Canada Business Corporations Act (the “Arrangement”), Fax Investments Inc. (“Fax Investments”), acting through a wholly-owned acquisition company, has indirectly acquired all of the issued and outstanding subordinate voting shares of the Company (“Subordinate Voting Shares”), other than the Subordinate Voting Shares already owned by Fax Investments or Blair Driscoll, effective today for a price of $5.18 in cash per Subordinate Voting Share. A detailed description of the Arrangement, which was approved by the Company’s shareholders at its annual general and special meeting on June 24, 2022, is set out in the Company’s management information circular dated May 25, 2022, which is available on the Company’s profile on SEDAR at www.sedar.com.
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