MONTREAL, June 14 /CNW Telbec/ - Sonomed Inc. (NEX:SNM), ("Sonomed"),
announces that its shareholders have approved, at a special meeting held
earlier today, the plan of arrangement under the Companies Act (Québec)
affecting Sonomed and its shareholders and also involving SND Energy Ltd. and
StoneBridge Merchant Capital Corp. The main purpose of the arrangement is to
substantially distribute all of the assets of Sonomed to the shareholders. The
plan of arrangement is subject to approval by the NEX board of the TSX Venture
Exchange and closing conditions contained therein.
Sonomed Inc. is specialized in the research and development of new
technology for the medical sector. On December 22, 2005, Sonomed announced
that its principal assets had been sold to an arm's length purchaser. Since
this date, Sonomed has limited its activities and expenses to preserve its
cash and seeks out opportunities to enhance the value of its shares.
For further information:
For further information: Sonomed Inc., Martin St Jean, President and
Chief Executive Officer, (514) 703-0043, firstname.lastname@example.org