Broadview Press Inc. to Propose Going Private
November 24 2009 - 12:20PM
Marketwired Canada
Broadview Press (TSX VENTURE:BDP) announces that its Board of Directors has
approved in principle the proposing to all shareholders of an issuer bid and
share consolidation that together would, if approved, result in the company
being taken private (the "Going Private Plan"). The Board has commissioned an
independent valuation of the company, and expects to make an announcement in the
near future regarding the specifics of the Going Private Plan that will be
subject to the approval of the TSX Venture Exchange. The date of a shareholders'
meeting will be announced once the company is ready to proceed.
As recently announced, the company has recently negotiated a loan with Jekam
Holdings that is intended to help the company finance an issuer bid.
Broadview's most recent quarterly financial statements, as well as its
management discussion and analysis of these results, can be read by visiting
www.sedar.com. Broadview Press is an internationally-oriented, Canadian-based
academic book publisher.
Certain statements contained in this press release may be considered as
forward-looking. Such forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from
estimated or implied results.
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