VANCOUVER, July 22 /CNW/ - Gemcom Software International Inc. (TSX:GCM),
the largest global supplier of specialised mining productivity solutions,
today announced that the plan of arrangement (the "Arrangement") whereby an
acquisition vehicle indirectly owned by affiliates of JMI Equity Fund VI,
L.P., Carlyle Venture Partners III, L.P. and Pala Investments Holdings Limited
(the "Purchaser"), will acquire all of Gemcom's outstanding common shares, is
expected to close on July 23, 2008, and is subject to customary closing
The Arrangement was approved by Gemcom securityholders on July 16, 2008
and by the British Columbia Supreme Court on July 17, 2008.
When mining companies seek to increase mine productivity, they turn to
Gemcom for technology and services. The Company is home to world-renowned
mining solutions like GEMS, Surpac, Minex, Whittle, and InSite and to industry
thought-leaders who are pushing the boundaries of what's possible in mining.
Established in 1985, Gemcom has a global reach delivering comprehensive
solutions in all major mining centres in more than 90 countries. Every major
mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is
a Gemcom client. Through a combination of organic growth and strategic
acquisitions, the Company has become the largest global supplier of
specialised mining productivity solutions. Gemcom is listed on the TSX under
the ticker "GCM." For more information, visit www.gemcomsoftware.com.
Gemcom, the Gemcom logo and combinations thereof, are trademarks of
Gemcom Software International Inc. GEMS, Surpac, Minex, Whittle,
MineSched, PCBC and Gemcom InSite are either registered trademarks or
trademarks of Gemcom Software International Inc.
For further information:
For further information: Investor Communications, Garth Albright, Chief
Financial Officer, (604) 684-6550, email@example.com; Nick Hurst,
Vice President, The Equicom Group, (403) 538-4845, firstname.lastname@example.org;
Corporate Communications, Mark Bese, Marketing Communications Manager, (604)
684-6550, ext. 4481, email@example.com