{"id":28589,"date":"2020-11-18T09:12:02","date_gmt":"2020-11-18T17:12:02","guid":{"rendered":"https:\/\/penderfund.com\/?post_type=news&p=28589"},"modified":"2025-07-24T15:41:50","modified_gmt":"2025-07-24T22:41:50","slug":"pender-growth-fund-completes-inscape-share-purchase-transaction","status":"publish","type":"news","link":"https:\/\/penderfund.com\/fr\/news\/pender-growth-fund-completes-inscape-share-purchase-transaction\/","title":{"rendered":"News Release: Pender Growth Fund Completes INSCAPE Share Purchase Transaction"},"content":{"rendered":"

VANCOUVER (C.-B.) <\/strong>Pender Growth Fund Inc. (TSXV: PTF) (\u201cPGF<\/strong>\u201d or the \u201c\u2009Soci\u00e9t\u00e9<\/strong>\u201d) announces today that, further to its press release dated October 30, 2020, PGF has completed the second and final tranche (the \u201cFinal Tranche<\/strong>\u201d) of the share purchase transaction with Bhayana Management Ltd. and The Madan and Raksha M. Bhayana Family Foundation (collectively, the \u201cVendors<\/strong>\u201d) pursuant to the terms of the Share Purchase Agreement entered into between PGF and the Vendors on October 30, 2020, as amended (the \u201cPurchase Agreement<\/strong>\u00bb).<\/p>\n

Download pdf<\/a><\/p>\n

PGF today purchased from the Vendors a total of 3,345,881 Class B Subordinated Voting Shares (the \u201cSubordinated Voting Shares<\/strong>\u201d) in the share capital of INSCAPE Corporation (TSX: INQ) (\u201cInscape<\/strong>\u201d) at the price of $0.65 per Subordinated Voting Share, for an aggregate purchase price of $2,174,822.65, all upon the terms and conditions of the Purchase Agreement.\u00a0<\/p>\n

Upon closing of the Final Tranche, PGF and other funds managed by PenderFund Capital Management Ltd. hold in aggregate 7,927,321 Subordinated Voting Shares, or approximately 55.12% of the total issued and outstanding Subordinated Voting Shares of Inscape (calculated on a non-diluted basis). Of this amount, PGF holds 6,886,981 Subordinated Voting Shares, or approximately 47.89% of the total issued and outstanding Subordinated Voting Shares of Inscape (calculated on a non-diluted basis).<\/p>\n

For additional details regarding the transaction, please see PGF\u2019s press release dated October 30, 2020, available under PGF\u2019s profile on SEDAR at www.sedar.com<\/a>.<\/p>\n

About Pender Growth Fund Inc.
\n<\/strong>Pender Growth Fund Inc. is an investment company with the objective of achieving long-term capital appreciation for its investors. The company utilizes its small capital base and long-term horizon to invest in unique situations; primarily small cap, special situations, and illiquid public and private companies. The company trades on the TSX Venture Exchange under the symbol \u201cPTF\u201d.<\/p>\n

Veuillez visiter www.pendergrowthfund.com<\/a>.<\/p>\n

Pour plus de renseignements, veuillez communiquer avec :<\/p>\n

Tony Rautava
\n<\/strong>Gestion de capital PenderFund lt\u00e9e
\n(604) 653-9625
\nSans frais : (866) 377-4743
\ntrautava@penderfund.com<\/p>\n

Ni la Bourse de croissance TSX ni son fournisseur de services de r\u00e9glementation (tel que ce terme est d\u00e9fini dans les politiques de la Bourse de croissance TSX) n\u2019acceptent de responsabilit\u00e9 quant \u00e0 la pertinence ou \u00e0 l\u2019exactitude du pr\u00e9sent communiqu\u00e9 de presse.<\/em><\/p>\n

Renseignements sur les \u00e9nonc\u00e9s prospectifs
\n<\/strong>This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to PGF\u2019s investment in Inscape and the environment in which PGF operates. Forward-looking statements are identified by words such as \u201cbelieve\u201d, \u201canticipate\u201d, \u201cproject\u201d, \u201cexpect\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cwill\u201d, \u201cmay\u201d, \u201cestimate\u201d and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the Company\u2019s decreased portfolio risk and future investment opportunities. The forward-looking statements in this news release are based on certain assumptions; they are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading \u201cRisk Factors\u201d in the Company\u2019s annual information form available at www.sedar.com<\/a>. Rien ne garantit que ces \u00e9nonc\u00e9s prospectifs seront justes, car les r\u00e9sultats r\u00e9els peuvent nettement diff\u00e9rer de ceux pr\u00e9vus dans de tels \u00e9nonc\u00e9s. \u00c0 cet \u00e9gard, le lecteur ne doit pas se fier ind\u00fbment \u00e0 tout \u00e9nonc\u00e9 prospectif. Qui plus est, ces \u00e9nonc\u00e9s prospectifs sont \u00e9mis en date de ce communiqu\u00e9 de presse et, sauf lorsque la loi en vigueur l\u2019exige express\u00e9ment, la soci\u00e9t\u00e9 n\u2019est pas tenue de faire une mise \u00e0 jour publique ou de r\u00e9viser tout \u00e9nonc\u00e9 prospectif, que ce soit \u00e0 la suite d\u2019une nouvelle information, d\u2019\u00e9v\u00e9nements futurs ou de toute autre raison.<\/p>","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false},"fund-type":[],"news-type":[],"class_list":["post-28589","news","type-news","status-publish","hentry"],"acf":[],"yoast_head":"\nNews Release: Pender Growth Fund Completes INSCAPE Share Purchase Transaction - PenderFund Capital Management<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/penderfund.com\/fr\/news\/pender-growth-fund-completes-inscape-share-purchase-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Release: Pender Growth Fund Completes INSCAPE Share Purchase Transaction\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, B.C. 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