By
The units will trade under the symbol AG.UN, unchanged from
the current listing on the Toronto
Stock Exchange ("TSX").
In conjunction with the CNSX listing, the TSX will delist the
units effective at the close of trading on Friday, January 6,
2012.
The TSX delisting was to occur by January 19, 2012, and was
imposed due to (i) the Fund's difficult financial
condition, including its current default under its credit
facilities with lenders, and (ii) the trading price of the
Fund's units has been so reduced as to not warrant
continued listing.
Arctic Glacier Income Fund, through its operating company, Arctic Glacier Inc., is a leading producer, marketer and distributor of high-quality packaged ice in North America, primarily under the brand name of Arctic Glacier® Premium Ice. Arctic Glacier operates 39 production plants and 48 distribution facilities across Canada and the northeast, central and western United States servicing more than 75,000 retail locations.
Forward-Looking InformationThis news release contains forward-looking statements relating to the delisting of the units of the Fund from the TSX and the listing of the units of the Fund on the CNSX, which are subject to certain risks, uncertainties and assumptions. A number of factors could cause actual results to differ materially from the results discussed in these forward-looking statements, and there is no assurance that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as at the date of this news release, and the Fund assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances.
Contact Information
Keith McMahon, President & CEO Doug Bailey, Chief Financial
Officer
Toll free investor relations phone: 1-888-573-9237
www.arcticglacier.com
The Toronto Stock Exchange does not approve or disapprove of the adequacy or accuracy of this release.
625 Henry Avenue, Winnipeg, Manitoba R3A 0V1 Tel: 204-772-2473 Fax: 204-783-9857
| distribué par | Ce noodl a été diffusé par Arctic Glacier Income Fund et initialement mise en ligne sur le site http://www.arcticglacierinc.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-06 00:46:02 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| Arctic Glacier Units to be Listed on Canadian National Stock Exchange |
