NEW YORK, NEW YORK -- (Marketwired) -- 10/19/15 -- IGC Holding LP ("IGC") announces that, on October 15, 2015, it acquired indirect ownership of 18,754,974 common shares ("AgJunction Shares") of AgJunction Inc. ("AgJunction").
The AgJunction Shares were acquired on closing of transactions (collectively, the "Transaction") contemplated by the agreement and plan of merger and reorganization (the "Merger Agreement") dated March 16, 2015, among AgJunction, AgJunction MergeCo, Inc. and Novariant, Inc. ("Novariant"). Pursuant to the terms of the Merger Agreement, AgJunction agreed to acquire all of the issued and outstanding shares of Novariant's capital stock in exchange for 49,291,034 AgJunction Shares.
The Transaction closed on October 15, 2015. As a major indirect shareholder of Novariant, IGC, through two of its subsidiaries, Investor Group, LP and Investor Growth Capital Limited, acquired an aggregate of 18,754,974 AgJunction Shares, representing approximately 15.22% of the issued and outstanding common shares of AgJunction immediately following closing of the Transaction. The AgJunction Shares were acquired and will be held as passive investments. IGC and its subsidiaries may, depending on market and other conditions, increase or decrease their beneficial ownership of AgJunction's securities, whether in the open market, by privately negotiated agreements or otherwise.
A copy of the related early warning report (the "Report") to be filed with the applicable securities commissions may be obtained from the SEDAR website (www.sedar.com) under the profile for AgJunction.
For further information or to obtain a copy of the Report, please contact IGC as follows:
IGC Holding LP c/o Investor Growth Capital, Inc. One Rockefeller Plaza, Suite 2416 New York, NY 10020 USA Attention: Michael Oporto Telephone: 1-212-515-9000 Email: igcfunds@investorgrowthcapital.com
Contacts:
Michael Oporto
212-515-9000
igcfunds@investorgrowthcapital.com
