ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

SIP

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:SIP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Excellium Inc. Completes the Sale of Substantially All of its Assets

12/12/2013 9:23pm

Marketwired Canada


Excellium Inc. (TSX VENTURE:XLM) (the "Corporation" or "Excellium"), a Tier II
issuer listed on the TSX Venture Exchange (the "Exchange"), announces that it
has completed the previously announced sale of substantially all of the assets
relating to its electronic security division (the "Security Division"), which
constitute substantially all of Excellium's assets, to Site Integration Plus
Inc. ("SIP"). The terms of the sale of the Security Division to SIP were
disclosed in Excellium's press release dated December 6, 2013, which is
available on SEDAR at www.sedar.com.


The sale of the Security Division to SIP is further to and consistent with the
strategic review process announced by Excellium on August 29, 2013, which was
undertaken to maximize value for shareholders and other stakeholders of
Excellium. Excellium continues to own and operate its remaining business unit,
the Electronic Identification division. The board of directors of the
Corporation will continue to explore strategic alternatives and restructuring
options, which may include a privatization of the Corporation or the entering
into of strategic partnerships or business combinations.


Excellium intends to submit a proposal to its creditors in due course and will
make further announcements in that regard at the appropriate time.


Excellium is a security company specialized in biometrics identity systems and
proactive security management and in the integration of security products for
the institutional and industrial markets. Excellium is active in two distinct
but complementary lines of business: electronic security, which includes
security management, access control and video surveillance, and electronic
identification, comprising background checks and biometric identification.
Excellium's common shares are listed on the Exchange under the trading symbol
"XLM" and its continuous disclosure filings are available on SEDAR at
www.sedar.com. For further information about Excellium, please visit its website
at www.excellium.ca.


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. The matters set forth in this press
release remain subject to review of the applicable regulatory authorities.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Excellium Inc.
Claude Roussin
Vice President, Administration and Acting CFO
(514) 798-8899

1 Year Sniper Resources Ltd. Chart

1 Year Sniper Resources Ltd. Chart

1 Month Sniper Resources Ltd. Chart

1 Month Sniper Resources Ltd. Chart

Your Recent History