TORONTO, Dec. 14 /CNW/ - Selient Inc. (TSX Venture: HTI) announced today
that its shareholders and warrantholders approved the previously announced
arrangements under the Companies Act (Quebec) pursuant to which Canadian
Premier Holdings Ltd., an affiliate of CRI Canada Inc., will acquire Selient
for approximately $.1725 CDN per share outstanding on the effective date of
A hearing in respect of the final approval of the arrangements by the
Superior Court of Quebec is scheduled for December 17, 2007 in Montreal,
Quebec. Subject to such court approval, the arrangements are expected to be
completed on or around December 18, 2007. Upon completion of these
arrangements, Selient will be a wholly-owned subsidiary of Canadian Premier
Holdings Ltd. It is expected that the shares of Selient will be delisted from
the TSX Venture Exchange shortly thereafter.
ABOUT SELIENT INC.
Selient Inc. provides financial institutions with Internet-delivered
lending software via the Software As A Service (SaaS) model. The Company's
offerings include ProLender, a consumer loan origination system; ProLender
Business Edition, a commercial and agricultural lending system and Decision
AssistantTM, a credit risk decisioning tool. ProLender is a leading loan
origination system in the Canadian financial institution market. The common
shares of Selient are listed on the TSX Venture Exchange under the symbol HTI.
More information is available at www.selient.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Selient Contact: Bryan McCaw, (416) 234-0098, x