Knightswood Financial Corp.: Disposition of Subsidiary-Opus Cranberries III Financial Corp.

Knightswood Financial Corp. (TSX VENTURE:KWF) announced today that it has
exercised its put option to sell all the shares it owns of Opus Cranberries III
Financial Corp. The effective date for this transaction is September 30, 2010.


About Knightswood Financial Corp.

Knightswood Financial Corp. ("Knightswood") was incorporated in 1987 and
operates as a merchant bank providing private entities ("Clients") with
solutions to allow them to issue debentures that are eligible for registered
plans (e.g. RRSPs, TFSAs, pension plans, etc). To assist its Clients,
Knightswood establishes a subsidiary company for each Client which allows the
Client's debenture product to be eligible for registered plans.


Once the subsidiary company is created for our Clients, Knightswood will either
own all or a majority of the voting rights in the subsidiary company.
Knightswood is not involved in the day-to-day operations of a subsidiary
company, but rather, it is independently managed by the respective Client's
management team. In addition, Knightswood does not receive the subsidiary
company's residual returns nor does it absorb their losses. Everyone's interests
are safeguarded by a "put and call" option termination agreement between
Knightswood and the Client.

Knightswood Financial Corp. (TSXV:KWF)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024