KITCHENER, ON, Sept. 16 /CNW/ - Electrohome Limited announced today that
the Ontario Superior Court of Justice approved the company's Plan of
Arrangement at a hearing this morning in Toronto. The Plan of Arrangement was
previously approved by the company's shareholders on September 11, 2008.
As part of the Plan of Arrangement, Electrohome intends to complete the
sale of its interest in Mechdyne Corporation on September 23, 2008, and
thereafter will proceed with the expeditious satisfaction of its outstanding
obligations in order to maximize the amount of residual proceeds that can be
distributed to its shareholders prior to the dissolution of the Company.
Additional information pertaining to the company's regulatory filings
including annual reports, annual information forms, management information
circulars, etc. can be found on the SEDAR website at www.sedar.com.
TSX Venture Exchange has not reviewed and does not take responsibility
for the adequacy or accuracy of this release.
For further information:
For further information: John A. Pollock, Chairman and Chief Executive
Officer at (519) 749-3182 or Gary Dumoulin, Vice-President and Secretary at