VANCOUVER, April 29 /CNW/ - QuestAir Technologies Inc. ("QuestAir" or
"the Company"; TSX: QAR) announced today that it has obtained an interim order
of the Supreme Court of British Columbia dated April 22, 2009.
The interim order provides for the calling of a special meeting of
shareholders to consider and approve the previously announced merger
transaction by way of a statutory plan of arrangement involving QuestAir and
Xebec Adsorption Inc.
The meeting will be held at 10 a.m. on May 22, 2009 at the offices of
McCarthy Tetrault LLP, Suite 1300 - Pacific Centre, 777 Dunsmuir Street,
Vancouver, BC, V7Y 1K2.
QuestAir has mailed the notice of meeting and a management information
circular to its shareholders. Both will be available on SEDAR at
www.sedar.com. Shareholders of record as of March 31, 2009 will be entitled to
attend and vote at the meeting.
Subject to QuestAir receiving the required shareholder approval for the
transaction, and all other conditions to the merger being met, the hearing in
respect of the final order to approve the transaction is currently scheduled
to take place on May 25, 2009. Closing of the transaction is anticipated to
occur on or around May 29, 2009.
About QuestAir Technologies Inc.
QuestAir Technologies, Inc. is a developer and supplier of proprietary
gas purification systems for several large international markets, including
biogas production, natural gas processing and oil refining. QuestAir is based
in Burnaby, British Columbia and its shares trade on the Toronto Stock
Exchange under the symbol "QAR".
Forward Looking Statements
Certain statements in this press release may constitute
''forward-looking'' statements which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. When used in this
press release, such statements use such words as "anticipate", "believe",
"plan", "estimate", "expect", "intend", "may", "will" and other similar
terminology. These statements reflect current expectations regarding future
events and operating performance and speak only as of the date of this press
release. Forward-looking statements involve significant risks and
uncertainties, should not be read as guarantees of future performance or
results, and will not necessarily be accurate indications of whether or not
such results will be achieved. A number of factors could cause actual results
to differ materially from the results discussed in the forward-looking
For further information:
For further information: QuestAir Technologies Inc., Andrew G. Hall,
Chief Executive Officer, Phone: (604) 453-6967, Email: email@example.com,
Web: www.questairinc.com; Media Contact: Ian Noble & Mahafrine Petigara, Karyo
Communications, Phone: (604) 623-3007