TORONTO,
May 9, 2014 /CNW/ - GENTERRA
CAPITAL INC. (TSX Venture: "GIC" - Common) would like to remind
holders of Genterra Inc. shares of the upcoming expiry date of the
2008 share exchange sunset clause.
The June 10, 2014
expiry date for exchange of shares by holders of Genterra Inc. into
shares of Genterra Capital Inc. (the "Expiry Date") is the sixth
anniversary of the June 10, 2008
listing and commencement of trading of a new class of Common Shares
of Genterra Inc. on the TSX Venture Exchange under the symbol
"GIC". The new listing and commencement of trading was part of the
reorganization of Genterra's share capital (the "Reorganization")
as a result of an amendment of its Articles to reclassify:
(i) its Class A Subordinate Voting Shares and Class B Multiple
Voting Shares into one new class of Common Shares, and (ii) its
Preferred Shares into one new class of non-voting preference shares
known as Class B Preference Shares.
Under the terms of the Reorganization the six
year sunset clause provision provides that any certificate which
immediately before the effective date of the Reorganization
represented Pre-Reorganization shares and which has not been
surrendered on or before the Expiry Date for exchange into
Post-Reorganization shares will cease to represent any claim
against or interest of any kind or nature in Genterra and the
interest of such holder of Pre-Reorganization shares in Genterra
shall be terminated without any repayment of capital or any other
compensation in respect thereof.
To receive certificates representing their
Genterra shares, registered Genterra shareholders must submit their
share certificates, together with completed letters of transmittal,
to Genterra's transfer agent, Computershare, 100 University Avenue,
9th Floor, Toronto, ON M5J 2Y1
Attn: Corporate Actions. Registered Genterra shareholders who have
not received letters of transmittal should contact Computershare at
1-800-564-6253.
Genterra Capital Inc. is a management and holding
company whose assets include rental real estate properties and
investments.
Disclaimer: 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
SOURCE Genterra Capital Inc.