TORONTO, May 31, 2016 /CNW/ - BrightPath Early Learning Inc. ("BrightPath" or the "Company") (TSX-V: BPE), the leading Canadian provider of high-quality early childhood education and care, commented today on the special resolution that would authorize the Board of Directors of BrightPath to effect a consolidation of its common shares within certain parameters, to be voted on by shareholders at its June 6, 2016 Annual General and Special Meeting (the "AGM").
The Company has received enquiries regarding the special resolution relating to the proposed share consolidation. In light of these enquiries, BrightPath wishes to clarify that the current intention of the Board of Directors is that any such prospective share consolidation would only occur in conjunction with a corporate, strategic and/or capital market initiative undertaken by the Company, if any. While the Company is not in a position to make any such announcement at this time, this approval is being proposed at the AGM to avoid the time and cost required to hold a special shareholder meeting solely for this purpose should a share consolidation be deemed beneficial.
Shareholders are encouraged to attend the AGM which will be held on Monday, June 6th at 12:30 pm Eastern Time at the Hilton Toronto located at 145 Richmond Street West, Toronto, Ontario.
ABOUT BRIGHTPATH EARLY LEARNING INC.
BrightPath Early Learning Inc. is a Canadian leader in child care and early education with 55 locations in major markets across the country. Meeting the highest standards in curriculum, nutrition, technology and recreational programming, BrightPath is committed to providing families with the very best child development and care Canada has to offer.
For more information, please visit www.BrightPathKids.com/corporate (TSX‐V: BPE) or contact Dale Kearns, President & Chief Financial Officer of BrightPath Early Learning Inc. at (403) 705-0362 Ext. 406.
Certain statements contained herein constitute forward-looking statements regarding the future growth, results of operations, performance and opportunities of the Company. Forward-looking statements can generally be identified by the use of, but not limited to, the following words: "plans", "expects" or "does not expect", "budget", "scheduled", "estimate", "forecast", "pro forma", "anticipate" or "does not anticipate", "believe", "intend", "inferred", "potential" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events based on information currently available and what the Company believes to be reasonable assumptions. All forward-looking statements are qualified by these cautionary statements.
Forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from those expressed, implied or projected include, but are not limited to, general economic conditions, the Company's ability to meet and maintain forecasted occupancy levels, general government policies, continued availability of government child care subsidies to parents, unexpected costs or liabilities related to acquisitions, construction, environmental matters, legal matters, changes in interest rates, credit spreads and the availability of financing. In addition, please refer to the Risks and Uncertainties section of the Company's annual Management's Discussion and Analysis. As such, the Company gives no assurance that actual results will be consistent with these forward-looking statements.
Readers should not place undue reliance on any such forward-looking statements. These forward-looking statements are made as of the date hereof. The Company undertakes no obligation to publicly update or revise any such statement, reflect new information or reflect the occurrence of future events or circumstances, except as required by securities laws.
SOURCE BrightPath Early Learning Inc.
For further information: Dale Kearns, President & CFO, BrightPath Early Learning Inc., Office: (403) 705-0362 Ext. 406, Toll Free: (888) 808-2252, 200 Rivercrest Drive SE, Suite 201, Calgary, AB T2C 2X5, http://www.brightpathkids.com