ZoomerMedia Limited Amalgamates with Wholly-Owned Subsidiaries
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 07/19/13 -- ZoomerMedia Limited (TSX VENTURE: ZUM) ("ZoomerMedia") announced today that it has completed an amalgamation (the "Amalgamation") with its wholly-owned subsidiaries, Christian Channel Inc., Zoomer Management Limited and Vision TV Digital Inc., as well as ONE: The Body, Mind and Spirit Channel Inc., which was a wholly-owned subsidiary of Vision TV Digital Inc. (collectively, the "Subsidiaries"). The Amalgamation was completed effective July 1, 2013 (the "Effective Date").
This Amalgamation took the form of a vertical short-form amalgamation completed pursuant to subsection 184(1) of the Canada Business Corporations Act. The Amalgamation resulted in the cancellation of all of the issued and outstanding shares of each of the Subsidiaries, without repayment of capital in respect thereof, but no securities of ZoomerMedia were issued. As at the Effective Date, the shares of ZoomerMedia then issued and outstanding constituted the only issued and outstanding shares in the capital stock of the amalgamated corporation. In addition, the articles and stated capital of the amalgamated corporation are the same as the pre-amalgamation articles and stated capital of ZoomerMedia.
About ZoomerMedia Limited
ZoomerMedia is a multimedia company that serves the 45plus "Zoomer" demographic through television, radio, magazine, internet and trade shows. ZoomerMedia's television properties include; Vision TV, Canada's only multi-faith specialty television service; ONE: the Body, Mind, Spirit and Love Channel, offering programs on exercise, meditation, yoga, natural health and living a planet-friendly lifestyle; Joytv 10 in Vancouver and Joytv 11 in Winnipeg, two conventional stations, available over the air and on cable in their respective markets. ZoomerMedia's radio properties include CFMZ FM Toronto - The New Classical 96.3FM, CFMX-FM Cobourg - The New Classical 103.1FM, Canada's only commercial classical music radio stations serving the Greater Toronto Area (GTA) and eastern Ontario, and CFZM-AM 740 Toronto - The New AM740 Zoomer Radio, the last music service left on the AM dial in the GTA. ZoomerMedia also publishes Zoomer Magazine, the largest paid circulation magazine in Canada for the mature market. ZoomerMedia is Canada's leading provider of online content targeting the 45plus age group through many properties, the key one being . ZoomerMedia also has a trade show division that conducts the "Zoomer Show", consumer shows directed to the 45plus age group and ideaCity, an annual Canadian conference also known as 'Canada's Premiere Meeting of the Minds'.
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.
Contacts:
ZoomerMedia Limited
George Kempff
Vice President and Chief Financial Officer
(416) 607-7735
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Datum: 19.07.2013 - 13:39 Uhr
Sprache: Deutsch
News-ID 280060
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contact information:
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TORONTO, ONTARIO
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Internet
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