BluMont Capital Inc. announced that Integrated Asset Management Corp. (IAM) issued a press release on Monday, Nov. 13, disclosing the its exchange offer had expired and had not been extended.
IAM has taken up an additional 1,836,838 common shares of BluMont pursuant to its offer as at the expiry time.
Combined with the 3,239,103 BluMont shares taken up by IAM in respect of the initial offering period that ended on Oct. 27, 2006 and IAM’s 46.2% ownership of BluMont shares at the initiating of the offer, IAM now beneficially owns approximately 61.4% of the outstanding shares of Blumont.
BluMont is a leading provider of alternative investment products to Canadian investors.