RICHMOND, BC, July 5, 2013 /CNW/ - Huntingdon Capital Corp. (the "Corporation" or "Huntingdon") (TSX: HNT, HNT.DB and HNT.WT) today announced the mailing of circular
materials in respect of the substantial issuer bid (the "Offer") for the Corporation's common shares. The circular materials will also
be filed today and will be available on www.sedar.com.
Huntingdon will offer to repurchase for cancellation up to $10 million
in value of its outstanding common shares from shareholders. The Offer
will proceed by way of a modified "Dutch Auction" and the range of
Offer prices will be $12.50 to $13.00 per share.
The Offer expires at 5:00 pm Eastern Standard Time on August 9, 2013.
Huntingdon is a real estate operating company listed on the TSX (Common
Shares: HNT; Debentures: HNT.DB; Warrants: HNT.WT). Huntingdon owns and
manages a portfolio of 36 industrial, office, retail and
aviation-related properties throughout Canada that have a total gross
leasable area of 2.7 million square feet. In addition, Huntingdon owns
an approximate 30% interest in FAM Real Estate Investment Trust (the "REIT") (TSX: F.UN, F.WT) and manages, on behalf of the REIT, a portfolio of
27 industrial, office, and retail properties throughout Canada that
have a gross leasable area of 1.7 million square feet.
Certain statements contained in this press release may constitute
forward-looking statements. Forward-looking statements are often, but
not always, identified by the use of words such as "anticipate",
"plan", "expect", "may", "will", "intend", "should", and similar
expressions. Forward-looking statements in this press release include
the intention to complete and the expected expiry date of a substantial
issuer bid. Forward-looking statements may also include, without
limitation, any statement relating to future events, conditions or
circumstances. The forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results or
events to differ materially from current expectations including, but
not limited to, the risks detailed from time to time in Huntingdon's
filings with Canadian provincial securities regulators, including its
most recent annual information form and management's discussion and
analysis. Huntingdon cautions you not to place undue reliance upon any
such forward-looking statements, which speak only as of the date they
are made. Forward-looking statements are based on management's current
plans, estimates, projections, beliefs and opinions, and Huntingdon
does not undertake any obligation to update forward-looking statements
should assumptions related to these plans, estimates, projections,
beliefs and opinions change, except as required by applicable law.
The Toronto Stock Exchange has not reviewed nor approved the contents of
this press release and does not accept responsibility for the adequacy
or accuracy of this press release.
SOURCE: Huntingdon Capital Corp.
For further information:
Zachary R. George, Chairman of the Board of Directors, President and Chief Executive Officer
Tel: (604) 249-5119
Fax: (604) 249-5101