2242749 Ont Ltd. AIIFF

Read these posts -- remember today's market cap is 19m cdn

[Thethruthhurts]

June 8, 2009

 

GUELPH, ONTARIO, June 8, 2009 - Armtec Infrastructure Income Fund (the "Fund") (TSX: ARF.UN) today announced that it has signed an agreement to acquire the shares of Pre-Con Inc. ("Pre-Con") for a purchase price of approximately $48.4 million subject to certain post-closing adjustments. The transaction is expected to close in June 2009 subject to the satisfaction of customary closing conditions. The transaction will be funded by an increase in the Fund's committed Credit Facilities.
 

June 25, 2008

 

GUELPH, ONTARIO, June 25, 2008 - Armtec Infrastructure Income Fund (the "Fund") (TSX: ARF.UN) today announced that it has entered into an agreement with Clearford Industries Inc. ("Clearford") to acquire the assets of its Brooklin Concrete division ("Brooklin") and the shares of Boucher Pre-cast Concrete Ltd. ("Boucher"). The aggregate purchase price is approximately $65 million, subject to working capital adjustments. The Fund has also entered into an agreement with Scotia Capital Inc. and TD Securities Inc. for a bought deal private placement offering of Fund units for gross proceeds of approximately $37.5 million. As well, the Fund has entered into a non-binding letter of intent to purchase a Western Canadian based manufacturer of precast concrete products
 

April 28, 2009

 

GUELPH, ONTARIO, April 28, 2009 - Armtec Infrastructure Income Fund (the "Fund") (TSX: ARF.UN) today announced that it has signed an agreement to acquire the assets of Groupe Tremca Inc. ("Groupe Tremca") for approximately $45 million. The transaction is expected to close in early May 2009 subject to the satisfaction of customary closing conditions.

[flyfishing7777]

I realize that, but why are you referencing a 5 year old story? The worst is over imo. If they can keep this up, with more frequent large contract awards, they will recover over time. "Funny Armtec was so good at winning the TTC Spadina bid that they were banned from bidding any other TTC work until the finished." Being banned from bidding is a contract management issue that comes

[Thethruthhurts]

While your piety is interesting and heartwarming; the reality of the situation the company finds itself in by the wording of its own press release remains troubling. By their own words they are admitting the details are not finalized and they are providing forward information without substantial proof. If you have the job then be clear that you do. Don't hedge yourself with the last paragraph