|Delayed - 09/29 04:00:00 pm|
Horizon North Logistics Inc :. Announces Closing of Transaction with Dexterra
|05/29/2020 | 12:23pm|
In connection with closing of the Transaction, Horizon North entered into an investor rights agreement (the "Investor Rights Agreement") with Dexterra Parent to provide for certain governance matters and matters related to Dexterra Parent's ability to transfer its Common Shares. In particular, pursuant to the Investor Rights Agreement, Dexterra Parent has agreed not to sell its Common Shares for 24 months. A copy of the Investor Rights Agreement will be filed under Horizon North's profile on SEDAR at www.sedar.com.
In addition, pursuant to the Transaction and terms of the Investor Rights Agreement, the board of directors of Horizon North (the "Board") is now comprised of four members of the previous Horizon North Board (being
About Horizon North
Our Modular Solutions business integrates modern design concepts with off-site manufacturing processes to produce high-quality building solutions for commercial, residential and industrial clients. Our Facilities Management business delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defence and security, retail, healthcare, education and government. Our Industrial Services business provides a full range of workforce accommodations solutions, forestry services and access solutions to clients in the energy, mining, forestry and construction sectors among others.
Horizon North has an outstanding record of creating and managing places that play a vital role in the national economy and our local communities. What sets us apart is our expertise in bringing together the right people with the right skills to transform service delivery and improve customers' experiences.
About Fairfax Financial
Fairfax Financial is a holding company incorporated under the laws of
Additional information related to Horizon North, including the Corporation's annual information form, press releases, financial statements and management's discussion and analysis are available on SEDAR at www.sedar.com.
An early warning report will be filed by Fairfax Financial in accordance with applicable securities laws and will be available under Horizon North's profile on SEDAR at www.sedar.com or may be obtained directly from Fairfax Financial by contacting the General Counsel of Fairfax Financial at 416-367-4941.
View original content to download multimedia:http://www.prnewswire.com/news-releases/horizon-north-logistics-inc-announces-closing-of-transaction-with-dexterra-301067816.html
© Canada Newswire, source