CFD Nti Newmerical Com Npv

NTI Newmerical Inc. ("NTI" or the "Corporation") (TSX VENTURE:CFD) announces
today that its shareholders have approved, at NTI's shareholder meeting held
today (the "Meeting"), a special resolution authorizing the amendment of the
Corporation's articles to effect the going private transaction by way of
consolidation of its common shares at a ratio of one new common share for every
100,000 existing common shares (the "Consolidation"). Under the Consolidation,
any shareholder holding less than one new common share will cease to be a
shareholder of the Corporation. Fractions of new common shares will be cancelled
and NTI will pay a consideration of $0.04 for each common share that forms part
of such a fraction, whether or not it is held by a person who will remain a
shareholder of NTI post-Consolidation.


The special resolution submitted to the Corporation's shareholders requested
their approval of the Consolidation, of NTI's application to the TSX Venture
Exchange (the "TSX-V") to delist its common shares and of NTI's application to
the securities regulatory authorities to cease to be a reporting issuer in
Canada. Of the shares voted at the meeting, approximately 98% overall (including
shares held by the Corporation's directors) and approximately 93% of shares held
by disinterested shareholders (excluding the shares held by the Corporation's
directors) were in favour of the special resolution.


NTI will immediately apply to the TSX-V to delist its common shares from that
stock exchange. Upon the delisting of its shares, NTI intends to file articles
of amendment to implement the Consolidation. Upon receiving these articles of
amendment, NTI intends to apply to the regulatory authorities in British
Columbia, Alberta and Quebec to cease to be a reporting issuer in those
jurisdictions. Once its reporting issuer status is revoked in each of those
provinces, NTI would cease to be a public company and revert to privately-held
status, its common shares held proportionately by those shareholders who receive
at least one new common share.


For more information on the Consolidation, the delisting application and the
privatization generally, see NTI's circular dated November 10, 2009 available at
www.sedar.com.


Forward-Looking Statements

Certain statements contained in this news release, including statements
regarding the delisting application, the amendment to NTI's articles and the
revocation of its status as a reporting issuer, constitute forward-looking
statements. Such statements, based as they are on the current expectations of
management, inherently involve risks and uncertainties, known and unknown, many
of which are beyond NTI's control. Such risks include the discretion afforded to
the TSX-V and the securities regulatory authorities. There is no guarantee that
the transactions described in this news release will occur. These statements
speak only as of the date made and NTI is under no obligation and disavows any
intention to update or revise such statements as a result of any event,
circumstances or otherwise.

Nti Newmerical Com Npv (TSXV:CFD)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Nti Newmerical Com Npv (TSXV:CFD)
Historical Stock Chart
Von Jun 2023 bis Jun 2024