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LONGUEUIL, QC, Nov. 20, 2013 /CNW Telbec/ - Further to its press release
of October 2, 2013, Section Rouge Média Inc. ("Section Rouge") (TSX-V:
SRO), announces that the reverse takeover transaction with Les
Emballages Cartex Inc. ("Cartex") has been terminated.
The proposed transaction, initially announced on March 1, 2013, was
subject to a number of conditions being satisfied, including the
execution of formal agreements and completion of all legal, accounting
and financial due diligence. Due diligence was not conclusive so that
Section Rouge Média terminated the letter of intent to acquire all of
the issued and outstanding shares of Cartex.
Section Rouge will continue to conduct its current activitie which
consists essentially in the edition of the publication "Ma revue
The Section Rouge's common shares are expected to recommence trading on
the TSX Venture Exchange on or about November 22, 2013.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: Section Rouge Média Inc.
For further information:
Section Rouge Média Inc.
Jean-Pierre Rancourt, President and CEO
Tel: 450-677-2556 #222