RW Packaging Announces Effective Date of Share Consolidation and Delisting of Common Shares
April 10 2008 - 11:39AM
Marketwired
WINNIPEG, MANITOBA (TSX VENTURE: RWP) announced today an update
on its going private transaction. The common shares ("Shares") of
RWP will be voluntarily halted from trading on the TSXV effective
at the close of business on April 14, 2008 and are anticipated to
be delisted from the TSXV effective at the close of business on
April 16, 2008 or shortly thereafter. The consolidation of Shares
approved at the special meeting of shareholders of RWP held on
February 21, 2008 will be completed effective April 18, 2008 on a
69,900-for-one basis, with shareholders being entitled to a cash
payment of $0.65 for each pre-consolidation Share ($45,435 for each
post-consolidation Share) in lieu of fractional post-consolidation
Shares. Each person who is registered as a shareholder of the
Corporation immediately prior to the effective time of the Share
consolidation and who is entitled to receive a cash payment in lieu
of a fractional post-consolidation Share will be sent a letter of
transmittal to be completed and returned to RWP, together with the
certificate representing the pre-consolidation Shares held by such
person. Upon receipt by RWP of a completed letter of transmittal
and Share certificate, RWP will send the applicable cash
payment.
RW is GMP licensed and ISO 9001 registered. The Company blends
and packages liquid and powder private brand consumer products for
major retailers and national brand marketers across North
America.
Additional information relating to the Company is available
online at www.sedar.com or the Company's website at
www.rwpackaging.com.
Shares Issued 5,308,107
2008-04-09 Close $0.65
The TSX Venture Exchange (TSX Venture) has not reviewed, and
does not accept responsibility for, the adequacy or accuracy of
this release.
Contacts: RW Packaging Limited Mr. Henry De Ruiter President and
CEO Toll Free: 1-800-284-6338 Email: rwp@rwpackaging.com Website:
www.rwpackaging.com
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