Chalk Media Corp. Announces Mailing of Meeting Materials
January 05 2009 - 7:54PM
Marketwired
Chalk Media Corp. (TSX VENTURE: CKM) ("Chalk") today announced that
it has mailed to its securityholders a notice of meeting,
management information circular, letters of transmittal and related
documents in connection with a special meeting of securityholders
to be held on January 27, 2009 (the "Special Meeting") to consider
the previously announced arrangement between Research In Motion
Limited ("RIM") and Chalk (the "Arrangement") whereby RIM has
agreed to acquire Chalk in an all-cash transaction for a net
payment of $23,125,000 ($0.142 per share assuming no shares are
issued by Chalk before closing).
The transaction is to be carried out by way of a statutory plan
of arrangement and will be subject to certain conditions, including
approval of 75% of the votes cast by Chalk's securityholders at the
Special Meeting as well as final court approval. The transaction is
also subject to certain other conditions as set out in the meeting
materials. The transaction is expected to close in late January or
early February 2009. Chalk obtained an interim order of the court
on December 22, 2008 in connection with the Arrangement.
Chalk's Board of Directors unanimously recommends that the
securityholders of Chalk approve the Arrangement and vote in favour
of the transaction.
Securityholders of Chalk may obtain a copy of the management
information circular, letters of transmittal, and other materials
on SEDAR at www.sedar.com.
Chalk also announced that it will not proceed with its
previously announced short form prospectus offering of common
shares due to the Arrangement. Consequently Chalk has withdrawn the
preliminary short form prospectus dated October 17, 2008 previously
filed with securities regulatory authorities in Canada.
About Chalk Media Corp.
Chalk's mobile content deployment system, Mobile chalkboard(TM),
allows multimedia content to be created, securely pushed and
tracked on BlackBerry� smartphones. Chalk's software and content
helps organizations communicate with their employees, business
partners and customers. Additional information is available at
www.chalk.com.
Disclaimer:
This press release includes forward-looking statements. Words
such as "believe", "may", "will", "estimate", "intend", and
"expect" (and the negative thereof) usually identify
forward-looking statements. Forward-looking statements are
statements about the future, and are always subject to uncertainty
and risks (both known and unknown), including those discussed under
the heading "Risk Factors" in Chalk's most current annual
information form dated April 25, 2008. Because of the risks and
uncertainty inherently associated with them, investors should not
place undue reliance on forward-looking statements.
Although management of Chalk believes the assumptions used to
make such statements are reasonable and has attempted to identify
important factors that could cause actual results, performance, or
achievements of Chalk to differ materially from those contained in
the forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated, or intended.
Certain material factors or assumptions are applied by Chalk in
making forward-looking statements, including, without limitation,
factors and assumptions regarding completion of the transaction
with RIM, liquidity and collection of revenue, sales cycles,
operating costs, taxes and fees. There can be no assurance that the
forward-looking statements herein will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Chalk does not undertake to update
any forward-looking statements herein, except in accordance with
applicable securities laws. Further information on Chalk Media
Corp. is available at www.sedar.com.
The BlackBerry� and RIM families of related marks, images and
symbols are the exclusive properties and trademarks of RIM. RIM
assumes no liability and makes no representation, warranty or
guarantee in relation to third party products or services.
The TSX Venture Exchange Inc. has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
release.
Contacts: Chalk Media Corp. Kris Sutherland Executive Vice
President (604) 453-4424 Email: kris@chalk.com Website:
www.chalk.com
Chalk Media Corp Com Npv (TSXV:CKM)
Historical Stock Chart
From May 2024 to Jun 2024
Chalk Media Corp Com Npv (TSXV:CKM)
Historical Stock Chart
From Jun 2023 to Jun 2024