/NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./
HIAWATHA KS, Aug. 21, 2015 /CNW/ - (TSX: AJX) — Further to the press release issued by AgJunction Inc. ("AgJunction" or the "Company") (TSX:AJX) on August 17, 2015, AgJunction announces that it has set September 30, 2015 at 8:00 a.m. (Scottsdale time) as the date and time for its annual general and special meeting of shareholders (the "Meeting") to be held at 8444 N. 90th Street, Suite 130, Scottsdale, Arizona 85258. The purpose of the meeting will be to consider annual matters and certain matters related to the proposed merger transaction between AgJunction and Novariant, Inc. announced by AgJunction on March 16, 2015. Complete details of the terms of the transaction are set out in the merger agreement filed by AgJunction under its profile on SEDAR on March 26, 2015.
Should the California Department of Business Oversight grant AgJunction a permit in connection with the merger transaction at the fairness hearing scheduled for August 27, 2015, additional information in respect of the merger transaction will be forthcoming in an information circular to be provided to AgJunction shareholders in connection with the meeting. The record date for the Meeting has been set for August 28, 2015.
AgJunction provides innovative hardware and software applications for precision agriculture worldwide. AgJunction holds numerous patents and markets its products and services under leading brand names including Outback Guidance® and Satloc®. AgJunction supports advanced farming practices and enables seamless data connectivity among growers and their agricultural service providers. Headquartered in Hiawatha, Kansas, AgJunction has facilities in Arizona, Pennsylvania, Winnipeg, and Queensland, Australia. AgJunction is listed on the Toronto Stock Exchange (TSX) under the symbol "AJX". For more information, please go to www.agjunction.com.
Reader Advisory and Note Regarding Forward Looking Information
This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws and is based on the expectations, estimates and projections of management of AgJunction as of the date of this news release, unless otherwise stated. The use of any of the words "expect", "anticipate", "may", "will", "should", "believe", "intends" and similar expressions are intended to identify forward-looking information. More particularly and without limitation, this press release contains forward-looking information concerning: the timing of the fairness hearing, the receipt of a permit in connection with the merger transaction, the timing of mailing of materials regarding the merger transaction and the holding of the AgJunction shareholders meeting, and the holding of the AgJunction shareholders meeting. In respect of the forward-looking information AgJunction has provided such information in reliance on certain assumptions that it believes are reasonable at this time, including, but not limited to, assumptions as to the time required to prepare and mail shareholder meeting materials; the receipt of a permit in connection with the merger transaction; and the ability of each of AgJunction and Novariant to receive, in a timely manner, the necessary regulatory, stock exchange and other third party approvals. The anticipated dates provided herein may change for a number of reasons, including unforeseen delays in preparing meeting materials, failure to receive the permit, inability to secure necessary regulatory, or other third party approvals in the time assumed; or the need for additional time to satisfy the other conditions to the completion of the merger transaction. Accordingly, readers should not place undue reliance on such forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure of each of AgJunction and Novariant to obtain the permit and the necessary regulatory, stock exchange and other third party approvals in a timely manner, or at all. Failure to obtain such approvals may result in the merger transaction not being completed on the proposed terms, or at all. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking information contained in this press release is made as of the date hereof and AgJunction undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
SOURCE Agjunction Inc.
For further information: Rick Heiniger, President and CEO, AgJunction, RHeiniger@agjunction.com; Cory Pala, Investor Relations, (416) 657-2400, 1-877-657-5276, Cory.Pala@evestor.com