Artaflex Inc. to Commence Trading on the TSX Venture Exchange
26 March 2012 - 6:23PM
PR Newswire (Canada)
Company: Artaflex Inc. Stock Symbol: ATF Listing: TSX Venture
Exchange Web Site: www.artaflex.com TORONTO, March 27, 2012 /CNW/ -
Artaflex Inc. (the "Corporation") is pleased to announce that
effective at market opening on March 27, 2012, the Corporation's
common shares will commence trading on Tier 2 of the TSX Venture
Exchange ("TSXV") under the symbol "ATF". The TSXV has accepted for
filing the amalgamation (the "Amalgamation") of Adeptron
Technologies Corporation ("Adeptron") and Artaflex Inc.
("Artaflex") to form the Corporation pursuant to a definitive
agreement dated November 21, 2011 and an amalgamation agreement
dated November 22, 2011, more fully described in the news release
of the Corporation dated March 20, 2012 and in the TSXV's Bulletin
dated March 26, 2012. The Amalgamation constituted a reverse
takeover transaction of the Corporation under Policy 5.2 of the TSX
Venture Exchange Corporate Finance Manual, as set out in the
management information circular of Adeptron dated February 13, 2012
(the "Circular"). The Circular is available under the
Corporation's profile on SEDAR. Early Warning Pursuant to the
Amalgamation, Artaflex Holdings Inc. ("AHI") acquired ownership of
11,874,996 common shares of the Corporation (the "Common Shares"),
representing approximately 74.83% of the total issued and
outstanding Common Shares, in exchange for the 989,583 common
shares of Artaflex previously held by AHI. At the time of the
Amalgamation AHI intended, and it continues to intend, to hold the
Common Shares for investment purposes. AHI has no current intention
to sell the Common Shares held by AHI or to acquire ownership of,
or control over, additional Common Shares. Annual Financial
Statements of Adeptron The Corporation intends to file on SEDAR
today Adeptron's audited annual financial statements for the period
ended December 31, 2011, prepared in accordance with IFRS. About
Artaflex: Artaflex is a specialist at delivering integrated product
solutions and support to the global technology and electronics
industry. As a leading global provider of complete Electronics
Manufacturing Services (EMS), Artaflex offers world class
manufacturing facilities and global partners throughout Canada, the
United States, Israel and China, allowing Adeptron to provide its
customers the flexibility and scalability to competitively achieve
total solutions to their present and future electronics outsourcing
needs. Visit Artaflex at: www.artaflex.com Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. THIS
NEWS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION
RELATING TO SUCH MATTERS AS EXPECTED FINANCIAL PERFORMANCE,
BUSINESS PROSPECTS, TECHNOLOGICAL DEVELOPMENTS, DEVELOPMENT
ACTIVITIES AND LIKE MATTERS. THESE STATEMENTS INVOLVE RISK
AND UNCERTAINTIES, INCLUDING BUT NOT LIMITED TO RISK FACTORS
DESCRIBED IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES, SUCH AS
ADEPTRON'S MOST RECENTLY FILED ANNUAL AND QUARTERLY REPORTS AND
ANNUAL INFORMATION FORM. ACTUAL RESULTS COULD DIFFER
MATERIALLY FROM THOSE PROJECTED AS A RESULT OF THESE RISKS AND
SHOULD NOT BE RELIED UPON AS A PREDICTION OF FUTURE EVENTS.
THE CORPORATION UNDERTAKES NO OBLIGATION TO UPDATE ANY
FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER
THE DATE ON WHICH SUCH STATEMENT IS MADE, OR TO REFLECT THE
OCCURRENCE OF UNANTICIPATED EVENTS. The TSX Venture Exchange has in
no way passed upon the merits of the Amalgamation and has neither
approved nor disapproved the contents of this press release.
Artaflex Inc. CONTACT: Artaflex Contact:Paul WalkerChief Executive
OfficerTel: 905-479-0148pwalker@artaflex.comJon SzczurChief
Financial OfficerTel: 905-754-1036jszczur@adeptron.com
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