CMA ANNOUNCES THE ACQUISITION OF HEADQUARTERS (HQCNS) BUSINESS CENTRES INC. ("HQCNS").EDMONTON Edmonton (ĕd`məntən), city (1991 pop. 616,741), provincial capital, central Alta., Canada, on the North Saskatchewan River. The center of the largest metropolitan area in Alberta, Edmonton, known as the "Gateway to the North," is located , ALBERTA--(BUSINESS WIRE)--JUNE 12, 1995-- This news release is made jointly, by CMA CMA - Concert Multithread Architecture from DEC. Capital Corporation ("CMA" or "the Corporation"), pursuant to the provisions of Section 118 of the SECURITIES ACT (Alberta Alberta (ălbûr`tə), province (2001 pop. 2,974,807), 255,285 sq mi (661,188 sq km), including 6,485 sq mi (16,796 sq km) of water surface, W Canada. ), and Peter Lush, Valerie Lush and The Lush Corporation (the "Offerors"), pursuant to Section 141 of the SECURITIES ACT (Alberta). CMA announces today they have completed the acquisition of all the issued and outstanding shares of HQCNS, a private Ontario Corporation. The transaction was completed by way of a share exchange with the shareholders of HQCNS wherein where·in adv. In what way; how: Wherein have we sinned? conj. 1. In which location; where: the country wherein those people live. 2. CMA issued a total of 14,632,612 shares to the shareholders HQCNS in exchange for all the issued and outstanding shares of HQCNS. After giving effect to this transaction, CMA owns all of the issued and outstanding common shares of HQCNS. CMA is now controlled by the Offerors, in that the Offerors now have beneficial ownership of, or control and direction over, 13,333,333 common shares of the Corporation, representing 75% of the outstanding securities of the Corporation. All the Offerors are acting jointly or in concert and at present, the Offerors have no future intention of increasing the beneficial ownership of securities of the Corporation. HQCNS is involved in the executive office industry which provides shared office space. HQCNS is part of the largest network of shared office facilities in the world. The concept of shared office space and tenant services grew out of the need of small businesses to control overhead expenses yet operate at maximum efficiency. The transaction with HQCNS was completed pursuant to an Order of the Alberta Securities Commission which varied a previous Cease Trade Order allowing the Corporation to acquire control of HQCNS with the intention of re-activating the Corporation's operations. Also the Corporation has made an application to The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). to have its common shares re-listed on The Alberta Stock Exchange. The Alberta Stock Exchange has approved the re-listing of the Corporation's common shares on The Alberta Stock Exchange and the shares will be listed and posted for trading commencing on June 15, 1995. This news release has been authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: by the senior officers of the Corporation. -0- THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN. CONTACT: Peter Lush Chief Executive Officer and Director CMA Capital Corporation 21 St. Clair Avenue St. Clair Avenue is a major street in Toronto, Ontario, Canada. It was laid out in the late eighteenth century by the British as a concession road (the Third Concession), 2 km (1.25 mi) north of Bloor Street and 4 km (2.5 mi) north of Queen Street (formerly Lot Street). St. East, Penthouse penthouse Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof. Toronto, Ontario M4T 2T7 (416) 515-2905 |
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