TSX-V : NHG
TORONTO, Sept. 25, 2014 /CNW/ - Northampton Group Inc. (TSXV: NHG) ("Northampton") and 2425138 Ontario Inc. (the "Purchaser") and Mr. Deepak Ruparell announce today the successful completion of the previously announced arrangement (the "Arrangement") whereby the Purchaser has acquired, by way of court approved plan of arrangement, 100% of the issued and outstanding common shares and preference shares of Northampton at a price of $1.40 for each common share and $0.20 for each preference share of Northampton.
The Arrangement was carried out pursuant to the provisions of the Business Corporations Act (Ontario) and was approved by the Ontario Superior Court of Justice (Commercial List) on September 19, 2014 and the affirmative votes of the Northampton shareholders at a meeting held on September 15, 2014.
Northampton's shares will be delisted from the TSX Venture Exchange. In addition, Northampton will begin the process of applying to cease being a reporting issuer in the relevant Canadian provinces.
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: Northampton Group Inc.
For further information: Narendra Patel, Secretary-Treasurer, Northampton Group Inc., 905-629-9992, 2601 Matheson Boulevard East, Suite 212, Mississauga, ON L4W 5A8