This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:PDM Royalites, Imvescor close merger 2009-10-14 16:10 ET - News Release Mr. William Lane of Imvescor Restaurant Group reports IMVESCOR RESTAURANT GROUP INC. ANNOUNCES SUCCESSFUL CLOSING OF COMBINATION TRANSACTION BETWEEN PDM ROYALTIES INCOME FUND AND IMVESCOR INC. Imvescor Restaurant Group Inc.'s combination transaction between PDM Royalties Income Fund (PDM), 7209835 Canada Inc., Imvescor Inc. (Imvescor), Imvescor Restaurants Inc. and Imvescor's two shareholders, General Financial Corp. Ltd. and Delighted Guests Ltd., successfully closed on Oct. 10, 2009. The shares of IRG are expected to be posted for trading on the Toronto Stock Exchange under the stock symbol IRG on Oct. 16, 2009.
Upon closing of the combination transaction, the directors to serve on the board of directors of IRG, announced in a previous news release in Stockwatch dated Oct. 8, 2009, have been confirmed. The company has also appointed Bernard Imbeault, founder of Imvescor, as founding chair emeritus of the board. This position will allow Mr. Imbeault to share his deep knowledge and vast experience with the board of directors of IRG.
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