Distinction Group

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Name - Distinction Group

Address: 200 Richmond St  Lachine  QC  H8R 3Y8

Phone: 514 368 1504  Fax: 514 368 1691
Website - http://www.distinction.ca

Warrant Symbol - GD.WT
Number  Trading - 1.5 million
Expiration Date - Sept. 30, 2009
Cusip -  254742 11 7
Warrants called to trade news:

 

Distinction Group to list on TSX on Nov. 23

2007-11-21 17:33 MT - New Listing

TSX bulletin 2007-1644

An application has been granted for the original listing in the industrial category of 33,507,604 common shares of Distinction Group Inc., of which 29,107,604 will be issued and outstanding, and 4.4 million will be reserved for issuance.

An application has also been granted for the listing of 1.5 million share purchase warrants, all of which will be issued and outstanding. Each warrant entitles the holder to purchase one share at a price of $2.10 until 5 p.m. (Montreal time) on Sept. 30, 2009.

The shares and warrants will be distributed to shareholders of record of Dacha Capital Inc. (TSX-V: DAC) as at the close on Tuesday, Nov. 27, 2007, on the basis of one share and 0.25 of a warrant of the company for each common share of Dacha held as at the record date. It is anticipated that the certificates representing the shares and warrants of the company will be mailed to shareholders of Dacha on or about Nov. 29, 2007. No fractional shares and/or warrants will be issued to Dacha shareholders. Any fractional number of shares and/or warrants shall be rounded down to the nearest whole number.

The warrants will be governed by the terms of a warrant indenture dated Nov. 16, 2007, between the company and Computershare Trust Co. of Canada as trustee. The warrant indenture will provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

In anticipation of the receipt of the articles of amalgamation creating the company prior to the open of markets on Friday, Nov. 23, 2007, the shares and warrants of the company will be listed and posted for trading at the open on Friday, Nov. 23, 2007, on a when-issued basis. A trader note will be issued prior to the open on Friday, Nov. 23, 2007, confirming whether or not the articles of amalgamation have been issued, failing which open of trading on the shares and warrants of the company will be delayed.

The company is subject to the reporting requirements of Section 501 of the Toronto Stock Exchange company manual.

Share symbol: GD

Share Cusip No.: 254742 10 9

Share trading currency: Canadian dollars

Warrant symbol: GD.WT

Warrant Cusip No.: 254742 11 7

Warrant trading currency: Canadian dollars

Temporary market-maker: Byron Securities Inc.

Incorporation: Articles of amalgamation have been filed on Nov. 16, 2007, pursuant to Part IA of the Companies Act (Quebec). These articles, which provide for the amalgamation of 9184-0651 Quebec Inc. and Groupe Distinction Inc., are expected to come into effect on Nov. 23, 2007.

Fiscal year-end: Nov. 30

Nature of business: The company is a provider and franchisor of janitorial and maintenance services for hundreds of commercial, industrial and retail facilities throughout the provinces of Quebec and Ontario. The company operates through its four subsidiaries and a network of local branches, franchises, microfranchises and subcontractors located in major cities throughout the provinces of Quebec and Ontario. The company also provides disaster restoration services through one of its subsidiaries under the Steamatic brand, with a network of 53 franchises situated in 60 locations throughout Canada.

Transfer agent and registrar: Computershare Investor Services Inc., at its principal offices in Montreal and Toronto

Dividends: The company does not intend to pay dividends in the foreseeable future.