Court Grants Final Order In Respect Of Arrangement With Superior Plus Income Fund
December 22 2008 - 3:05PM
PR Newswire (US)
VANCOUVER, Dec. 22 /PRNewswire-FirstCall/ -- Ballard Power Systems
(TSX: BLD; NASDAQ: BLDP) announced that today the Supreme Court of
British Columbia granted the Final Order the company was seeking,
approving the company's previously announced Plan of Arrangement
with Superior Plus Income Fund (TSX:
SPF.UN)(http://www.superiorplus.com/). Subject to the satisfaction
of a number of conditions that relate to circumstances existing on
the closing date, the transaction remains on track for closing on
or about December 31, 2008. About Ballard Power Systems Ballard
Power Systems (TSX: BLD; NASDAQ: BLDP) is recognized as a world
leader in the design, development, manufacture and sale of clean
energy fuel cell products. Ballard's mission is to accelerate fuel
cell product adoption. To learn more about what Ballard is doing
with Power to Change the World(R), visit http://www.ballard.com/.
This release contains forward-looking statements that are based on
the beliefs and assumptions of Ballard's management and reflect
Ballard's current expectations as contemplated under section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such assumptions
relate to our financial forecasts and expectations regarding our
product development efforts, manufacturing capacity, and market
demand. These statements involve risks and uncertainties that may
cause our actual results to be materially different, including,
without limitation, the rate of mass adoption of our products,
product development delays, changing environmental regulations, our
ability to attract and retain business partners and customers, our
access to funding, increased competition, our ability to protect
our intellectual property, changes in our customers' requirements,
and our ability to provide the capital required for product
development, operations and marketing. Readers should not place
undue reliance on Ballard's forward-looking statements and Ballard
assumes no obligation to update or release any revisions to these
forward looking statements. For a detailed discussion of the risk
factors that could affect Ballard's future performance, please
refer to our most recent Annual Information Form. The securities to
be issued in connection with the transaction have not been and will
not be registered under the United States Securities Act of 1933,
as amended, or any state securities laws and may not be offered or
sold within the United States unless an exemption from such
registration requirements is available. Ballard, the Ballard logo
and Power to Change the World are registered trademarks of Ballard
Power Systems Inc. DATASOURCE: Ballard Power Systems Inc. CONTACT:
or to arrange an interview, please call Amy Harada Bradley, (604)
412-7913,
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