Northampton Group Inc.
TORONTO, Sept. 19, 2014 /CNW/ - Northampton Group Inc. ("Northampton") announced today that it has obtained final court approval from the Ontario Superior Court of Justice (Commercial List) of the previously announced plan of arrangement (the "Arrangement") with 2425138 Ontario Inc. (the "Purchaser") and Deepak Ruparell pursuant to which all of the common shares (not already owned by the Purchaser) and the preference shares of Northampton will be acquired by the Purchaser for $1.40 per common share and $0.20 per preference share. The Arrangement is expected to be implemented and completed on or about September 25, 2014.
Forward Looking Information
This news release contains forward looking information including statements regarding the timing of the implementation of the Arrangement. Such forward looking information involves risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by the forward looking information. Such factors include, among others, meeting conditions in the arrangement agreement entered into among the Purchaser, Northampton and Deepak Ruparell. Northampton disclaims any obligation to update such forward looking information contained in this news release unless required by law.
Neither the 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: Northampton Group Inc.
For further information: Vinod Patel, President and CEO, Northampton Group Inc., 905-629-9992