TORONTO, ONTARIO--(Marketwire - Dec. 14, 2012) - Organic Resource Management Inc. (TSX VENTURE:ORI) ("ORMI" or the "Company") announced today the successful completion of the previously announced plan of arrangement (the "Arrangement") involving, among other things, the acquisition of all of the outstanding common shares of ORMI (the "Common Shares") by Walker Industries Holdings Limited ("Walker") for $3.25 per Common Share in cash.
With the completion of the Arrangement, the Common Shares will cease to be listed on the TSX Venture Exchange on or about the close of business on December 17, 2012. ORMI intends to apply to the relevant securities regulatory authorities to cease to be a reporting issuer in the applicable jurisdictions in Canada.
Documents pertaining to the Arrangement are available on the SEDAR website at www.sedar.com.
About Organic Resource Management Inc.
ORMI is Canada's largest provider of vacuum truck services for the collection, processing and recycling of food-related organic residuals into feedstock for biogas renewable energy production. ORMI services in excess of 10,000 grease interceptors for industrial, commercial and institutional food-industry customers across Canada on a regularly-scheduled basis. These services are a critical component of current program initiatives in North American landfill waste diversion and wastewater treatment. Further information about ORMI may be obtained at the Company's web site at www.ormi.com.
This media release includes certain forward-looking statements within the meaning of applicable securities laws relating to the expected delisting of the Common Shares, the application to cease to be a reporting issuer and other information that is not historical fact. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements and therefore subject to unknown risks or uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.