Mr. Lawrence Chamberlain of TMX Equicom reports
TUCOWS INC. ANNOUNCES FINAL RESULTS OF DUTCH TENDER OFFER
Tucows Inc. has released the final results of its modified Dutch auction
tender offer, which expired at 5 p.m. New York time on
Jan. 4, 2013. Tucows will purchase 4,114,121 shares of its common
stock at a purchase price of $1.50 per share, for a total cost of
$6,171,182, excluding fees and expenses related to the tender offer.
Payment for shares accepted for purchase will be financed partly in cash
and from two demand loan facilities Tucows currently has with the Bank
of Montreal. The 4,114,121 shares accepted for purchase in the tender
offer represent approximately 9.3 per cent of Tucows's currently issued and
outstanding common stock.
Payment for shares accepted for purchase and the return of all other
shares tendered but not accepted for payment will be made promptly by
Registrar and Transfer Company, the depositary for the tender offer.
All shares purchased by Tucows in the tender offer will be cancelled. As
a result of the completion of the tender offer and immediately
following payment of the tendered shares, Tucows will have
approximately 40,215,688 shares issued and outstanding.
We seek Safe Harbor.
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