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CKM Chalk Media Corp Com Npv

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Delayed by 15 minutes
Share Name Share Symbol Market Type
Chalk Media Corp Com Npv TSXV:CKM 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 -

Chalk Media Corp. Announces Mailing of Meeting Materials

05/01/2009 11:54pm

Marketwired Canada


Chalk Media Corp. (TSX VENTURE:CKM) ("Chalk") today announced that it has mailed
to its securityholders a notice of meeting, management information circular,
letters of transmittal and related documents in connection with a special
meeting of securityholders to be held on January 27, 2009 (the "Special
Meeting") to consider the previously announced arrangement between Research In
Motion Limited ("RIM") and Chalk (the "Arrangement") whereby RIM has agreed to
acquire Chalk in an all-cash transaction for a net payment of $23,125,000
($0.142 per share assuming no shares are issued by Chalk before closing).


The transaction is to be carried out by way of a statutory plan of arrangement
and will be subject to certain conditions, including approval of 75% of the
votes cast by Chalk's securityholders at the Special Meeting as well as final
court approval. The transaction is also subject to certain other conditions as
set out in the meeting materials. The transaction is expected to close in late
January or early February 2009. Chalk obtained an interim order of the court on
December 22, 2008 in connection with the Arrangement.


Chalk's Board of Directors unanimously recommends that the securityholders of
Chalk approve the Arrangement and vote in favour of the transaction.


Securityholders of Chalk may obtain a copy of the management information
circular, letters of transmittal, and other materials on SEDAR at www.sedar.com.


Chalk also announced that it will not proceed with its previously announced
short form prospectus offering of common shares due to the Arrangement.
Consequently Chalk has withdrawn the preliminary short form prospectus dated
October 17, 2008 previously filed with securities regulatory authorities in
Canada.


About Chalk Media Corp.

Chalk's mobile content deployment system, Mobile chalkboard(TM), allows
multimedia content to be created, securely pushed and tracked on BlackBerry(R)
smartphones. Chalk's software and content helps organizations communicate with
their employees, business partners and customers. Additional information is
available at www.chalk.com.


Disclaimer:

This press release includes forward-looking statements. Words such as "believe",
"may", "will", "estimate", "intend", and "expect" (and the negative thereof)
usually identify forward-looking statements. Forward-looking statements are
statements about the future, and are always subject to uncertainty and risks
(both known and unknown), including those discussed under the heading "Risk
Factors" in Chalk's most current annual information form dated April 25, 2008.
Because of the risks and uncertainty inherently associated with them, investors
should not place undue reliance on forward-looking statements.


Although management of Chalk believes the assumptions used to make such
statements are reasonable and has attempted to identify important factors that
could cause actual results, performance, or achievements of Chalk to differ
materially from those contained in the forward-looking statements, there may be
other factors that cause results not to be as anticipated, estimated, or
intended. Certain material factors or assumptions are applied by Chalk in making
forward-looking statements, including, without limitation, factors and
assumptions regarding completion of the transaction with RIM, liquidity and
collection of revenue, sales cycles, operating costs, taxes and fees. There can
be no assurance that the forward-looking statements herein will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Chalk does not undertake to update any
forward-looking statements herein, except in accordance with applicable
securities laws. Further information on Chalk Media Corp. is available at
www.sedar.com.


The BlackBerry(R) and RIM families of related marks, images and symbols are the
exclusive properties and trademarks of RIM. RIM assumes no liability and makes
no representation, warranty or guarantee in relation to third party products or
services.


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