IC Capitalight Announces Commencement of Superior Offer for Stone Investment Group Limited Debentures
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IC Capitalight Announces Commencement of Superior Offer for Stone
Investment Group Limited Debentures
• Offer Price of $770 per Debenture
• Cash Offer for ALL Outstanding Debentures
• Offer will be open until December 21, 2021
• Capitalight urges holders of SIGL Debentures to REJECT the SIGL Offer
TORONTO, ON / ACCESSWIRE / December 10, 2021 / IC Capitalight Corp. ("Capitalight") announced
today that it is commencing a formal cash tender offer (the "Capitalight Offer") to acquire all of the
outstanding debentures (the "Debentures") of Stone Investment Group Limited ("SIGL"), upon the terms
and subject to the conditions set forth in the Offer to Purchase Circular dated as of December 10, 2021.
Pursuant to the terms of the Capitalight Offer, Debentureholders will receive CAD $770 for each
Debenture that is tendered to the Capitalight Offer. The Capitalight Offer is open for acceptance until
5:00 p.m. (Toronto time) on December 21, 2021, unless the Capitalight Offer is extended or withdrawn.
The Capitalight Offer represents a $100 premium to SIGL's own coercive offer for the Debentures
announced on November 30, 2021 (the "SIGL Offer"). Debentureholders are encouraged to REJECT the
SIGL Offer and only tender to the Capitalight Offer.
The Capitalight Offer is subject to a condition that at least 2,828 Debentures are deposited to its offer.
Capitalight currently owns 2,599 Debentures, representing 21.7% of the outstanding Debentures.
Capitalight has available cash plus financing commitments from directors, strategic partners and lenders
to purchase Debentures that may be tendered to the Offer.
Debentureholders are encouraged to contact the Information Agent, Carson Proxy Advisors, by
telephone North American toll free phone: 1-800-530-5189; outside North America - collect: 416-751-
2066 or by email: [email protected] for assistance in accepting the Capitalight Offer and in validly
depositing Debentures.
About IC Capitalight Corp.
Capitalight operates as a merchant bank that pursues value-based investment opportunities through a
portfolio of companies, securities and mineral properties. The securities investments consist primarily of
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SIGL Debentures. The Company's business operations include Capitalight Research Inc., a wholly owned
subsidiary that that publishes proprietary subscription research reports focused on the gold, silver and
critical metals sectors, Canadian preferred shares, bonds and economics. The mineral exploration
business consists of the Blue Lake Cu-Ni-Pt-Pd property near Schefferville, Quebec. To learn more about
Capitalight please visit http://www.capitalight.co or contact us at: [email protected]
Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities
legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and
other factors that could cause actual results, performance, prospects, and opportunities to differ
materially from those expressed or implied by such forward-looking statements.
Cautionary Statement Respecting the Proposed Offer
The Capitalight Offer Document contains important information about the Offer and should be read in
its entirety by SIGL Debentureholders. A copy of the Offer Document is available, at no charge, under
the profile of IC Capitalight Corp. on the System for Electronic Document Analysis and Retrieval (SEDAR)
at www.sedar.com. This announcement is for informational purposes only and does not constitute or
form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose
of or issue, or any other solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise
acquire or subscribe for any security.
SOURCE: IC Capitalight Corp.