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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 | - |
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 Consequently Chalk has withdrawn the preliminary short form prospectus dated October 17, 2008 previously filed with securities regulatory authorities in Canada.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® 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® 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.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Chalk Media Corp. Kris Sutherland Executive Vice President (604) 453-4424 Email: kris@chalk.com Website: www.chalk.com
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