TORONTO and MONTREAL, Jan. 6 /CNW/ - Look Communications Inc. ("Look" or
the "Corporation") (TSX Venture: LOK and LOK.A) today announced that
RiskMetrics Group - ISS Governance Services, Canada's leading independent
proxy advisory firm, has recommended that its clients vote in favour of both
resolutions relating to Look's Plan of Arrangement process, to be considered
at the Corporation's Special Meeting of Shareholders on January 14, 2009. Look
shareholders will be asked to approve (by 66 2/3%) both the sales process and
the arrangement, as set forth in the Plan of Arrangement, to permit the
orderly sale of some or all, in whole or in part, of its key assets to
maximize shareholder value.
Look will be holding its Special Meeting of Shareholders on January 14,
2009 at 10:00 am at The TSX Group, 130 King Street West, Toronto. Proxies must
be received by 5:00 pm (Toronto time) on Monday, January 12, 2009 using one of
the methods described on the Voting Instruction Form. For more information on
how to vote proxies or where to receive the Corporation's Notice of Special
Meeting of Shareholders and Management Information Circular, investors should
contact Georgeson Shareholder Communications Canada Inc., the Corporation's
proxy solicitation agent, toll free within North America at 1-888-605-7617.
Further information is also available at
About Look Communications Inc.
Look's mission has been to be an M3 - Mobile Multi Media -
communications, entertainment and information service provider in Ontario and
Québec. The Corporation currently delivers a full range of communications
services including high-speed and dial-up Internet access, digital television
distribution, and superior customer service to both the business and
residential markets. The Corporation provides its digital television
distribution and wireless Internet services using its approximately 100 MHz of
Multipoint Distribution System spectrum in the 2.5 to 2.7 GHz frequency band
covering approximately 18 million people (1.8 billion MHz/Pops) in the
provinces of Ontario and Quebec. Look's shares are listed on the TSX Venture
Exchange under the symbols "LOK" for Multiple Voting Shares and "LOK.A" for
Subordinate Voting Shares. Look's website may be found at www.look.ca.
The corporate information contained in this release includes
forward-looking statements regarding future events and the future performance
of Look that involve risks and uncertainties that could cause actual results
to differ materially. Assumptions used in the preparation of such information,
although considered reasonable by Look at the time of preparation, may prove
to be incorrect. The actual results achieved may vary from the information
provided herein and the variations may be material. Consequently, there is no
representation by Look that actual results achieved will be the same in whole
or in part as those forecasts.
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.
For further information:
For further information: Peter Block, Investor and Media Relations,
firstname.lastname@example.org, (647) 259-3284