eMedia Networks International Corp and Rare Method Interactive Corp Announce Plan of Arrangement


Wednesday, 9 Jan 2013 04:37pm EST 

eMedia Networks International Corporation (eMedia) and Rare Method Interactive Corp. (Rare Method) announced that they have entered into an agreement dated January 8, 2013 providing for the acquisition by eMedia of all of the issued and outstanding common shares of Rare Method (Rare Method Shares) by eMedia (Transaction) Under the terms of the Transaction, shareholders of Rare Method will receive 0.01721 of a common share of eMedia (EMedia Share) for each Rare Method Share, subject to a maximum issuance of 500,000 eMedia Shares. The Transaction is to be completed by way of plan of arrangement (Arrangement) pursuant to the Business Corporations Act (Alberta) and is expected to be completed by no later than the end of March, 2013. eMedia is arms-length to Rare Method. Completion of the Transaction is subject to approval by Rare Method shareholders, court approval and regulatory approvals. 

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