MONTREAL, Jan. 22 /CNW Telbec/ - Mecachrome International Inc.
("Mecachrome") (TSX: MCH) today announces that Mecachrome's subordinate voting
shares (TSX: MCH) (the "Shares") will be delisted from the Toronto Stock
Exchange ("TSX") at the close of market on Friday, January 23, 2009.
As disclosed in the Mecachrome press release dated December 12, 2008, the
TSX decided to delist Mecachrome's Shares for failure to meet continued
listing requirements of the TSX. The TSX decided to extend its original
deadline of January 9, 2009 to delist Mecachrome's Shares, as disclosed in
their press release dated January 8, 2009. Such extension expires at the close
of market on Friday, January 23 at which time the Shares will be delisted from
the TSX and Mecachrome will become a "venture issuer" as defined under
National Instrument 51-102 because it will not have any of its securities
listed or quoted on any of the TSX, a U.S. marketplace or a marketplace
outside of Canada and the U.S. Mecachrome currently has no intention of
listing its subordinate voting shares on any exchange or automated quotation
About Mecachrome International Inc.
Mecachrome is a leader in the design, engineering, manufacture and
assembly of complex precision-engineered components for aircraft and
automotive applications, including aerostructural and aircraft engine
components, high-end automobile engine components and motor racing engines.
Since 1937, Mecachrome has established a significant presence and global
reputation in certain high-precision sectors of the aerospace, automotive and
industrial equipment industries, providing services primarily to original
equipment manufacturers. The company currently operates 11 state-of-the-art
facilities, principally in France and Canada.
All statements, other than statements of historical facts, included in
this news release are forward-looking statements or contain forward-looking
information (within the meaning of the Québec Securities Act and the Ontario
Securities Act). Although we believe that the expectations reflected in these
forward-looking statements and forward-looking information are reasonable,
these statements involve risks and uncertainties and are not guarantees of
We can give no assurance that these estimates and expectations will prove
to have been correct, and actual outcomes and results may differ materially
from what is expressed, implied or projected in such forward-looking
statements and forward-looking information. There are a number of important
risks and uncertainties that could, and often do, cause our actual results to
differ materially from those indicated or implied by forward-looking
statements and forward-looking information, including the risks and
uncertainties discussed in Mecachrome's Annual Information Form for the year
ended December 31, 2007. Given the uncertainty of forward-looking statements
and forward-looking information, investors are cautioned not to place undue
reliance on these statements and information. The forward-looking statements
and forward-looking information speak only as of the date made, and Mecachrome
expressly disclaims any intention or obligation to update or revise any
forward-looking statements or forward-looking information, whether as a result
of new information, future events or otherwise, except as may be required by
applicable law. Note to readers: The consolidated interim financial statements
and Management's Discussion & Analysis of financial results are available on
Mecachrome's website at www.mecachrome.com or on www.sedar.com.
Mecachrome is currently subject to Court protection under the Companies'
Creditors Arrangement Act in Canada and under similar protection from the
Courts for its French subsidiaries under the safeguard procedure (procédure de
sauvegarde) in France.
For further information:
For further information: Jean-François Villion, (514) 843-2396, Mobile:
(514) 951-0993, firstname.lastname@example.org