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Big Rock Announces Shareholder and Court Approvals of Reorganization Into an Income Trust.


Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--Jan. 8, 2003

Big Rock Brewery The Big Rock BreweryTSX: BR is located in Calgary, Alberta, Canada. The brewery was founded in 1985 by Ed McNally. After forming the Big Rock brewing company he hired Bernd "Peppy" Pieper, considered to be one of the best brewmasters in the world.  Ltd. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:BEER)(TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:BR) ("Big Rock" or the "Company") is pleased to announce that at its Special Meeting of Shareholders and Optionholders held this morning, shareholders and optionholders overwhelmingly approved reorganizing the Company into Big Rock Brewery Income Trust (the "Trust").

A final order of the Court of Queen's Bench of Alberta The Court of Queen's Bench of Alberta is the superior court of the Canadian province of Alberta. Structure
  • The Court of Queen's Bench of Alberta consists of a Chief Justice and several judges plus those judges who have elected supernumerary status after many years
 was issued this afternoon approving Big Rock's plan of arrangement. The reorganization will be effective at the closing of the transaction scheduled to be held on or about January 10, 2003. The trust units of the Trust are anticipated to commence trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 under the symbol "BR.UN" within a few days thereafter. The trust units will not be listed for trading on the NASDAQ system.

Corporate Profile

Big Rock is a regional producer and marketer of premium quality beers, headquartered in Calgary, Alberta, Canada. Big Rock's products are available in draught, bottles and cans. Big Rock also produces or distributes Cider and Cooler products. Big Rock is committed to four business fundamentals business fundamentals

The general background within which an economy operates including earnings, sales, wage rates, taxes, and inflation. Improving business fundamentals are generally viewed as bullish for stocks, although stock prices at any given point
:
-- consistently brewing distinctive, premium quality beers;

-- profitable growth in business operations;

-- constantly providing superior, personalized customer services; and

-- creating and sustaining strong community relationships.


Big Rock products are marketed in five provinces and three territories in Canada and in the United States.
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Publication:Business Wire
Date:Jan 8, 2003
Words:224
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