Big Stick Media Corporation Updates Proposed Going Private Transaction
July 09 2010 - 6:00PM
Marketwired
Big Stick Media Corporation (TSX VENTURE: BSM) ("BSM" or the
"Company") announced today that ten (10) of its shareholders (the
"Buying Group") that are proposing to privatize BSM, have completed
the transfer of their shareholdings of BSM (being 9,980,441 of
BSM's common shares representing approximately 41.60% of all of
BSM's issued and outstanding shares) to the newly created
corporation that is wholly owned by the Buying Group and which is
proposed to be amalgamated with BSM to facilitate the going private
transaction.
Additional details relating to the proposed going private
transaction may be found in BSM's press release of May 20, 2010 and
the Early Warning Report of the date hereof (both being located
under BSM's profile on SEDAR).
The special shareholders meeting relating to the approval of the
going private transaction is scheduled for July 14, 2010.
As at the date hereof BSM has 23,992,020 issued and outstanding
common shares.
About Big Stick Media Corporation
Additional information about BSM is available under the
company's profile at www.sedar.com.
Cautionary Statement
This press release may contain certain forward-looking
statements with respect to the Company. These forward-looking
statements, by their nature, involve risks and uncertainties that
could cause actual results to differ materially from those
contemplated. We consider the assumptions on which these
forward-looking statements are based to be reasonable, but caution
the reader that these assumptions regarding future events, many of
which are beyond our control, may ultimately prove to be incorrect.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from
Big Stick Media Corporation's expectations are various risks
detailed from time to time in the filings made by Big Stick Media
Corporation with securities regulations.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy and
accuracy of this release.
Contacts: Big Stick Media Corporation Christopher S. Kape Chief
Executive Officer (604) 630-6550 ext. 111
chris@bigstickmedia.com
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