Company: Artaflex Inc.
Stock Symbol: ATF
Listing: TSX Venture Exchange
Web Site: www.artaflex.com
TORONTO, March 27, 2012 /CNW/ - Artaflex Inc. (TSX-V: ATF) (the "Corporation") is pleased to announce that effective at market opening on March 27, 2012, the Corporation's common shares will commence trading on Tier 2 of the TSX Venture Exchange ("TSXV") under the symbol "ATF".
The TSXV has accepted for filing the amalgamation (the "Amalgamation") of Adeptron Technologies Corporation ("Adeptron") and Artaflex Inc. ("Artaflex") to form the Corporation pursuant to a definitive agreement dated November 21, 2011 and an amalgamation agreement dated November 22, 2011, more fully described in the news release of the Corporation dated March 20, 2012 and in the TSXV's Bulletin dated March 26, 2012. The Amalgamation constituted a reverse takeover transaction of the Corporation under Policy 5.2 of the TSX Venture Exchange Corporate Finance Manual, as set out in the management information circular of Adeptron dated February 13, 2012 (the "Circular"). The Circular is available under the Corporation's profile on SEDAR.
Pursuant to the Amalgamation, Artaflex Holdings Inc. ("AHI") acquired ownership of 11,874,996 common shares of the Corporation (the "Common Shares"), representing approximately 74.83% of the total issued and outstanding Common Shares, in exchange for the 989,583 common shares of Artaflex previously held by AHI.
At the time of the Amalgamation AHI intended, and it continues to intend, to hold the Common Shares for investment purposes. AHI has no current intention to sell the Common Shares held by AHI or to acquire ownership of, or control over, additional Common Shares.
Annual Financial Statements of Adeptron
The Corporation intends to file on SEDAR today Adeptron's audited annual financial statements for the period ended December 31, 2011, prepared in accordance with IFRS.
Artaflex is a specialist at delivering integrated product solutions and support to the global technology and electronics industry. As a leading global provider of complete Electronics Manufacturing Services (EMS), Artaflex offers world class manufacturing facilities and global partners throughout Canada, the United States, Israel and China, allowing Adeptron to provide its customers the flexibility and scalability to competitively achieve total solutions to their present and future electronics outsourcing needs. Visit Artaflex at: www.artaflex.com
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.
THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO SUCH MATTERS AS EXPECTED FINANCIAL PERFORMANCE, BUSINESS PROSPECTS, TECHNOLOGICAL DEVELOPMENTS, DEVELOPMENT ACTIVITIES AND LIKE MATTERS. THESE STATEMENTS INVOLVE RISK AND UNCERTAINTIES, INCLUDING BUT NOT LIMITED TO RISK FACTORS DESCRIBED IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES, SUCH AS ADEPTRON'S MOST RECENTLY FILED ANNUAL AND QUARTERLY REPORTS AND ANNUAL INFORMATION FORM. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED AS A RESULT OF THESE RISKS AND SHOULD NOT BE RELIED UPON AS A PREDICTION OF FUTURE EVENTS. THE CORPORATION UNDERTAKES NO OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE ON WHICH SUCH STATEMENT IS MADE, OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
The TSX Venture Exchange has in no way passed upon the merits of the Amalgamation and has neither approved nor disapproved the contents of this press release.
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