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Share Name | Share Symbol | Market | Type |
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TSXV:OPG | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Optimal Geomatics Inc. (TSX VENTURE:OPG) ("Optimal") announces that at the special meeting held on September 17, 2009, shareholders overwhelmingly approved the plan of arrangement with Aeroquest International Limited ("AQL") under section 192 of the Canada Business Corporations Act whereby AQL will acquire all of the issued and outstanding common shares of Optimal (the "Arrangement"). In addition, the Supreme Court of British Columbia today granted the Final Order approving the Arrangement. Under the terms of the Arrangement, Optimal shareholders will receive 1 common share of AQL for each 21 common shares of Optimal owned. The significant conditions to the Arrangement have now been satisfied; although the completion of the Arrangement remains subject to certain regulatory and other approvals. Management anticipates that the Arrangement will be completed on or about September 30, 2009. Shareholders are reminded to complete and forward the Letter of Transmittal to Computershare Investor Services Inc., together with the share certificate(s) duly completed as specified. A copy of the Letter of Transmittal, as provided to shareholders, may be obtained at www.sedar.com. About Optimal Geomatics Optimal Geomatics, a geospatial mapping company, specializes in the science and technology of gathering, analyzing, interpreting, distributing and using geographic information. Optimal applies the disciplines of surveying, mapping, remote sensing, geographic information systems (GIS), and global positioning systems (GPS) to provide solutions for engineering and geospatial professionals. This press release may include statements about expected future events that are forward-looking in nature and subject to risks and uncertainties. These statements present management's expectations, beliefs, plans, and objectives regarding future events and conditions and, as such, involve inherent risks and uncertainties. Actual results could be significantly different from those projected. Discussions of the various factors that may affect future results are contained in Optimal's recent filings, available on SEDAR. All forward looking statements contained in this press release are qualified by this cautionary statement.
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