Mr. Harry Hart reports
9187669 CANADA INC. COMPLETES ACQUISITION OF HARTCO INC.
9187669 Canada Inc. has completed the acquisition of 100 per cent of Hartco Inc. 9187669 Canada Inc. is a wholly owned subsidiary of H&N Family Subco Inc., a company indirectly owned by Harry Hart and members of his immediate family.
To complete the acquisition, on June 30, 9187669 Canada Inc. acquired ownership of 469,064 shares, representing 3.41 per cent of Hartco's issued and outstanding shares, at a price of $3.40 per share, for total consideration of $1,594,817.60, under the compulsory acquisition provision of the Canada Business Corporations Act.
Following the acquisition of the 469,064 shares, 9187669 Canada Inc. now beneficially owns and exercises control and direction over all of Hartco's 13,747,104 issued and outstanding common shares.
The compulsory acquisition followed the previously announced offer dated April 23, 2015, by 9187669 Canada Inc. to acquire all of the issued and outstanding common shares of Hartco, excluding any shares held by 9187669 Canada Inc. or its affiliates.
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