TORONTO, Oct. 29, 2015 /CNW/ - Genterra Capital Inc.
(GIC – TSX-V) ("Genterra") today announced it has exercised its
right to redeem, on November 30,
2015, all 8,703,016 of its issued and outstanding Class B
Shares. The Corporation will pay to or to the order of the
registered holders of the Class B Shares the redemption price of
$0.05 per Class A Share, upon
presentation and surrender of the certificate(s) for such Class B
Shares, together with the accompanying letter of transmittal, at
the principal offices of Computershare Investor Services Inc. in
Toronto. Formal notice of redemption has been delivered to
the registered holders of the Class B Shares in accordance with the
terms and conditions of those shares.
As previously disclosed in Genterra's Management Information
Circular dated July 21, 2015 in
connection with its recently completed Plan of Arrangement, the
redemption is being effected in conjunction with the Plan of
Arrangement with a view to Genterra becoming a privately-held
corporation.
About Genterra Capital Inc.
Genterra Capital Inc. is a Canadian management holding company
operating in Canada with interests
in rental real estate properties and solar energy generation
equipment located in Ontario,
Canada. The Company also invests a portion of its surplus
cash on hand in marketable securities and notes receivable.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
SOURCE Genterra Capital Inc.