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Imvescor Restaurant Group Inc Announces Sale Of Imvescor Securities By Fairfax Financial Holdings Limited

Tuesday, 2 Apr 2013 09:10am EDT 

Imvescor Restaurant Group Inc announced that Fairfax Financial Holdings Limited has sold to GMP Securities L.P. (GMP) all of the 9,897,509 common shares and 16,334,000 warrants of Imvescor it holds, representing 23.6% of the common shares of Imvescor on a non-diluted basis and 45.0% of the common shares of Imvescor on a partially diluted basis. Each warrant entitles the holder thereof to purchase one common share of Imvescor at an exercise price of $0.65. Closing of the sale is expected to occur on or about April 16, 2013. The Company understands that GMP, an investment dealer, intends to resell the common shares and warrants of Imvescor purchased from Fairfax on a private placement basis as part of one or more transactions. 

Company Quote

0.19 +12.67%
24 Oct 2014