Benvest Capital: Closing of CMN International Inc. Transaction.MONTREAL -- Benvest Capital announces that pursuant to the recently closed transaction between FirstService Corporation and CMN CMN Common CMN Children's Miracle Network (since 1983; Salt Lake City, Utah) CMN Certificate of Medical Necessity CMN Canadian Museum of Nature CMN Community Mapping Network CMN Common Information International Inc., it has received US$14,995,225 for its 20% equity interest in CMN.Of this amount, US$11,996,180 has been received. The balance will be held in escrow until May 2006. Until August 31st, 2003, Benvest Capital Inc. was a merchant bank with a diverse portfolio of assets in various service industries. Its new corporate mission is as an operating public company with New Look as its base.New Look is a leading enterprise in the eye care industry in Eastern Canada Eastern Canada (also the Eastern provinces) is the region of Canada generally considered to be east of Manitoba, consisting of the following provinces:
Post-closing of the above transaction, Benvest holds one significant non-strategic asset:The Fitness Company (82%), a US health and fitness club company. BENVEST CAPITAL INC. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BCI BCI Bat Conservation International BCI Brain-Computer Interface BCI Business Continuity Institute BCI Business Cycle Indicators BCI Banco de Credito e Inversiones (Chilean bank) BCI Bell Canada International ) |
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