VANCOUVER, June 27, 2017 /CNW/ - Norsat International Inc.
("Norsat" or "the Company") (TSX: NII and NYSE MKT: NSAT), a provider of unique and customized communication solutions for
remote and challenging applications, today announced that the previously announced transaction, pursuant to which Hytera
Communications Co., Ltd. ("Hytera") will indirectly acquire all of the issued and outstanding shares of Norsat by way of a
court-approved plan of arrangement (the "Arrangement") was approved today by a final order of the Supreme Court of British Columbia.
Completion of the Arrangement remains conditional on obtaining regulatory approvals and certain other closing conditions.
Assuming that the conditions to closing are satisfied and the necessary regulatory approvals are obtained, it is expected that
the closing of the Arrangement will be completed in the third quarter of 2017.
Further information about the Arrangement is set forth in the information circular, supplemental information and proxy
statement in respect of the securityholders meeting which have been filed with Canadian and United
States securities regulators and are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
About Norsat International Inc.
Founded in 1977, Norsat International Inc. is a provider of unique and customized communication solutions for remote and
challenging applications. Norsat's products and services include leading-edge product design and development, production,
distribution and infield support and service of fly-away satellite terminals, microwave components, antennas, Radio Frequency
(RF) conditioning products, maritime based satellite terminals and remote network connectivity solutions. More information is
available at www.norsat.com, via email at investor@norsat.com or by phone at 1-604-821-2800.
Forward Looking Statements
The discussion and analysis of this news release contains forward-looking statements concerning anticipated developments in
Norsat's operations in future periods, the adequacy of its financial resources and other events or conditions that may occur in
the future. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates,"
"believes," "intends," "estimates", "predicts," "potential," "targeted," "plans," "possible" and similar expressions, or
statements that events, conditions or results "will," "may", "could" or "should" occur or be achieved. These forward-looking
statements include, without limitation, statements about the proposed acquisition by Hytera and the timing and possible outcome
of regulatory approvals in connection with the Arrangement. Forward-looking statements are statements about the future and
are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from
those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, such as business
and economic risks and uncertainties. The forward-looking statements are based on the beliefs, expectations and opinions of
management on the date the statements are made. Consequently, all forward-looking statements made in this news release are
qualified by this cautionary statement and there can be no assurance that actual results or anticipated developments will be
realized. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the date of this news release and Norsat assumes no obligation to update or revise them
to reflect new events or circumstances, other than as required by law.
SOURCE Norsat International Inc.
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