Homburg International Group announces the settlement of outstanding matters with 1810040 Alberta Ltd. (formerly Homburg Invest Inc.)

/Not for release, distribution or publication, in whole or in part, in the United States, Japan or Australia/

HALIFAX, July 8, 2014 /CNW/ - Richard Homburg, Chairman, and Jamie Wentzell, CEO, of Homburg International Group announced today that Homburg International Limited, Citadel Holdings Inc. (formerly Homburg Canada Inc.) and other related entities (collectively, the "Homburg International Group") have entered into a settlement agreement (the "Settlement Agreement") with 1810040 Alberta Ltd. (formerly Homburg Invest Inc.). The Settlement Agreement was approved by the Québec Superior Court (Commercial Division) on June 4, 2014, and provides for the settlement of all outstanding disputes and disagreements between the Homburg International Group and 1810040 Alberta Ltd.

About Homburg International Group

Homburg International Group is involved in various and diversified business interests and divisions including real estate investment and management, development, manufacturing and distribution, retail, hospitality, and other business interests in Halifax, Nova Scotia, Charlottetown, Prince Edward Island and Europe.

This announcement does not constitute an offer to purchase any securities, nor a solicitation of any offer, proxy, consent or authorization to buy or subscribe for any, nor shall it (or any part of it) form the basis of, or be relied upon in connection with, any contract therefore. This announcement may not be released, published, distributed or otherwise sent, in whole or in part, in or into the United States of America, Japan or Australia.

 

SOURCE Homburg International Limited

For further information: Mr. Jamie Wentzell, CA, CEO, Homburg International Group, 902-468-3395, http://www.homburg.com