QUEBEC CITY, Jan. 13 /CNW Telbec/ - EnGlobe Corp. ("EnGlobe" or the "Corporation") (TSX: EG), announced today the completion of a going private transaction by way of
a statutory plan of arrangement (the "Transaction") with respect to the
Corporation, pursuant to which holders of common shares of the
Corporation, other than ONCAP II L.P., ONCAP (US) II L.P., ONCAP (US)
II-A L.P., and Onex Parallel Investment (ONCAP) L.P. and certain
management shareholders, received $0.265 in cash per common share. The
Transaction was previously announced in the Corporation's press release
dated November 12, 2010.
Any questions or requests for assistance in surrendering certificates
representing shares of EnGlobe in order to receive consideration for
such shares may be directed to the office of the depositary, Equity
Financial Trust Company, at (416) 361-0152, toll free at 1 (866)
393-4891 or by email at email@example.com. Non-registered shareholders should contact their broker or other
intermediary for details.
Delisting of the common shares of the Corporation from the Toronto Stock
Exchange is expected to occur shortly. Concurrent with the delisting of
its common shares, EnGlobe will apply to all applicable Canadian
securities regulatory authorities in order to cease to be a reporting
About EnGlobe Corp.
EnGlobe Corp. is a leading international integrated environmental
services company specializing in the management of contaminated soils
and organic based waste streams, with an emphasis on beneficial reuse.
EnGlobe offers cost-effective solutions to municipal, commercial and
industrial clients in Canada, the north-eastern United States, the
United Kingdom and France through its divisions and subsidiaries:
Biogénie, Biogénie Europe SAS, Biogénie Site Remediation Limited and
Celtic Technologies Limited for site assessment and remediation, GSI
Environment Inc. for organic waste management, and Tanknology Canada
Inc. for tank testing and calibration. Shares of EnGlobe trade on the
Toronto Stock Exchange under the ticker symbol EG. Additional
information is available at www.englobecorp.com.
This press release contains certain forward-looking statements. Such
statements relate to, among other things, sales growth, expansion and
growth of the Corporation's business, future capital expenditures and
the Corporation's business strategy. Forward-looking statements are
subject to inherent uncertainties and risks including, but not limited
to: general industry and economic conditions, changes in the
Corporation's relationships with its suppliers, pricing pressures and
other competitive factors, the availability and costs of fuels and
utilities, the results of the Corporation's ongoing efforts to improve
cost effectiveness, changes in regulatory requirements affecting the
Corporation's business and the availability and terms of financing.
Other Risk Factors are set out and described in the Corporation's
Annual Information Form which is available at www.sedar.com. Consequently, actual results and events may vary significantly from
those included in, contemplated by or implied by such forward-looking
statements. In evaluating forward-looking statements, readers should
specifically consider the various factors that could cause actual
events or results to differ materially from such forward-looking
statements. Any forward-looking statements in this press release are
based on current information as of the date of this press release and
the Corporation does not undertake any obligation to update any
forward-looking statements to reflect new information or future
developments or events, except as required by law.
SOURCE EnGlobe Corp.
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