TORONTO, March 26, 2014 /CNW/ - GAR Limited ("GAR" or the "Company") announces that in its Management Information Circular dated November 14, 2013, the Company had inadvertently made a typographical error and set the warrant pricing due to debt settlements to insiders of GAR at $0.75. The warrant pricing previously agreed upon by the Board of Directors and the warrant pricing discussed and approved during the Annual General and Special Meeting of Shareholders was $0.075 per warrant.
The Annual General and Special Meeting of Shareholders was held on Friday, December 20, 2013 at 10:00am EST. A total of 7,400,000 warrants have been issued at the correct price of $0.075. Each Warrant shall entitle the holder thereof to acquire one common share of the Company at a price of $0.075 until December 30, 2015.
The Company further announces the resignation of George Mara as a director of the Company. The Board of Directors wishes to thank Mr. Mara for his services to the Company.
SOURCE: GAR Limited
GAR Limited
John Rapski
President and Chief Executive Officer
T: (705) 642.3376
E: [email protected]
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