MONTREAL, Dec. 5 /CNW Telbec/ - Diane Lanct t, President of Lanct t Licensing Inc., ("Lanct t") of Montreal, QC, is pleased to announce that Lanct t has advised the Board of Directors of Igloo Vikski Inc.
("Igloo") price of $3,966,133.60 (the "Offer") to be paid in cash. to Igloo's shareholders, on or about December 6, 2006 and the Offer is expected to be open for acceptance until January 12, 2007.
Lanct t and its 12:00 (Eastern time) on January 12, 2007. Lanct t has engaged Demers Conseil Inc. to act as its solicitation agent in connection with this transaction.
Penson Financial Services Canada Inc., a participating organization of the TSXV, will act as its execution agent in rules and policies of the TSX Venture Exchange. Payment for Shares purchased the TSXV.
Demers Conseil Inc. will receive a $0.01/share commission.
Demers Conseil Inc. may be contacted by telephone at (514) 879-1702. method for the tendering of their shares.
The Offer is subject to regulatory approval as well the rules and regulations of the TSX Venture Exchange, Igloo is the Canadian distributor of Fischer Alpine skis, boots and bindings, Fischer Cross Country skis, boots and bindings, Swix ski and snowboard waxes, Swix ski and snowboard tuning and repair and accessory products, as well as Swix and Ulvang sportswear. IVK also designs and Lanct t is an affiliate of R. Lanct t Lt e e.
, a highly successful industry. They have deep roots in the ski industry as the original importer of Today the company is active in the ski, golf and outerwear business. Lanct t designs and manufactures Vuarnet and Nivo golf and ski wear, and is Jack Nicklaus and Page Tuttle golf wear.
Lanct t also has a thriving optical division distributing several European brands such as Vuarnet, Mexx, OGA, Koali, and Morel Cottet. In making the announcement, Diane Lanct t said, "This acquisition will but, in particular, with Fischer and Swix, it will represent a strong return to the original skiing roots of our business. Passion for skiing and for sport is a key element in what has made us successful in business.
We will be so proud and happy to see the skiing part of our business grow and prosper." the Company's expectations, estimates and projections. Examples of such statements include, but are not limited to, statements concerning (i) Lanct t's offer to acquire all of the common shares of Igloo, and (ii) the mailing of the Notice related to such offer.
These statements are not well beyond our ability to predict or control. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about the timing of Lanct t's offer to acquire all of Igloo's views to change, the Company specifically disclaims any obligation to subsequent to the date of this news release. Although the Company has attempted to identify important factors that could cause actual actions, statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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