KITCHENER, ON, Sept. 11 /CNW/ - Electrohome Limited announced today that
both its Class X and Class Y shareholders approved the Company's proposed Plan
of Arrangement at a special meeting of shareholders held this morning in
A hearing has been scheduled for September 16, 2008 at 10:00 a.m. before
the Ontario Superior Court of Justice in Toronto, at which time Electrohome
will seek a final order of the Court approving the Plan of Arrangement. If
Court approval is obtained, 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