MONTREAL, Oct. 4, 2013 /CNW Telbec/ - Waitsfield Capital Inc. (Waitsfield) announced today that at its special meeting of shareholders held on September 24, 2013 in Montreal, the shareholders approved a special resolution providing for the voluntary dissolution of Waitsfield pursuant to Sections 308-311 of the Business Corporations Act (Quebec), through distribution of its remaining assets to shareholders, after performing the obligations of Waitsfield, obtaining forgiveness of those obligations or otherwise making provisions for them
Waitsfield intends to make an initial distribution to its shareholders of an aggregate amount of approximately $3,400,000.00, within the coming weeks, at a date to be determined by the board of directors of Waitsfield. A final distribution to shareholders, if required, will occur after any remaining contingent liabilities are settled or otherwise provided for.
For additional information, refer to the management proxy circular dated August 30, 2013 which is available at www.sedar.com.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Certain statements in this news release may contain forward-looking statements. Forward-looking statements may relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These statements may involve, but are not limited to, comments relating to strategies, expectations, planned operations, future actions, the timing and amount of distributions to shareholders. These forward-looking statements are identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and similar terms and phrases, including references to assumptions. Forward-looking statements, by their nature, are based on assumptions and are subject to important risks and uncertainties. Any forecasts or forward-looking predictions or statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Actual results may differ materially form results indicated in forward-looking statements due to a number of factors, including without limitation, market, regulatory developments or proceedings, and actions by third parties as well as the factors identified throughout Waitsfield's filings with securities regulators in Canada. The forward-looking statements contained in this news release represent Waitsfield's expectations as of the date they are made, and are subject to change after such date. However, Waitsfield disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
SOURCE: Waitsfield Capital Inc.
For further information:
Rocci Masella (514) 844-7744