IBI Group Inc. Announces Redemption of 7.0% Convertible Unsecured Subordinated Debentures, Series 2 Due June ...
(WorldNews Canada)

TORONTO, Aug. 20, 2018 (GLOBE NEWSWIRE) -- IBI Group Inc. (`IBI` or the `Company`) (TSX:IBG) today announced that the Company has sent a notice to CIBC Mellon Trust Company, as trustee under the trust indenture dated as of September 30, 2009 between the Company and CIBC Mellon Trust Company, that IBI will redeem the entire aggregate principal amount of $14,755,000 of its outstanding 7.0% convertible unsecured subordinated debentures due June 30, 2019 and having a conversion price of $19.17 per common share, which are listed for trading on the Toronto Stock Exchange under the symbol IBG.DB (the `Debentures`) in accordance with the terms of the Debentures. The Debentures will be redeemed on...