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LONGUEUIL, QC,
Nov. 20, 2013 /CNW Telbec/ - Further
to its press release of October 2,
2013, Section Rouge Média Inc. ("Section Rouge") (TSX-V:
SRO), announces that the reverse takeover transaction with Les
Emballages Cartex Inc. ("Cartex") has been terminated.
The proposed transaction, initially announced on
March 1, 2013, was subject to a
number of conditions being satisfied, including the execution of
formal agreements and completion of all legal, accounting and
financial due diligence. Due diligence was not conclusive so that
Section Rouge Média terminated the letter of intent to acquire all
of the issued and outstanding shares of Cartex.
Section Rouge will continue to conduct its
current activitie which consists essentially in the edition of the
publication "Ma revue agricole.com".
The Section Rouge's common shares are expected
to recommence trading on the TSX Venture Exchange on or about
November 22, 2013.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Section Rouge Média Inc.