TORONTO, Oct. 29, 2015 /CNW/ - Genterra Capital Inc. (GIC – TSX-V) ("Genterra") today announced it has exercised its right to redeem, on November 30, 2015, all 8,703,016 of its issued and outstanding Class B Shares. The Corporation will pay to or to the order of the registered holders of the Class B Shares the redemption price of $0.05 per Class A Share, upon presentation and surrender of the certificate(s) for such Class B Shares, together with the accompanying letter of transmittal, at the principal offices of Computershare Investor Services Inc. in Toronto. Formal notice of redemption has been delivered to the registered holders of the Class B Shares in accordance with the terms and conditions of those shares.
As previously disclosed in Genterra's Management Information Circular dated July 21, 2015 in connection with its recently completed Plan of Arrangement, the redemption is being effected in conjunction with the Plan of Arrangement with a view to Genterra becoming a privately-held corporation.
About Genterra Capital Inc.
Genterra Capital Inc. is a Canadian management holding company operating in Canada with interests in rental real estate properties and solar energy generation equipment located in Ontario, Canada. The Company also invests a portion of its surplus cash on hand in marketable securities and notes receivable.
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 Genterra Capital Inc.
For further information: Genterra Capital Inc., 106 Avenue Road, Toronto, Ontario M5R 2H3, Attention: Stan Abramowitz, Secretary, Phone: (416) 920-0500 Ext. 227