Operations & Finance

Rocky Mountain Dealerships to Enhance Offer to Acquire All Outstanding 7% Convertible Unsecured Subordinated Debentures

Rocky Mountain Dealerships Inc. ("Rocky") (TSX:RME; RME.DB) announced that it intends to increase the purchase price under its offer (the "Offer") to purchase all of its 7.00% convertible unsecured subordinated debentures (the "Debentures") from $1,125 to $1,200 for each $1,000 principal amount of Debentures (the "Offer Price"), representing a premium of $200 or 20% to the face value of the Debentures per $1,000 principal amount. Rocky also intends to extend the date by which holders of Debentures ("Debentureholders") must tender their Debentures to the Offer.
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Proventure Income Fund Completes Sale of Certain Assets to Cervus Equipment

Proventure Income Fund and Cervus Equipment Corp. (TSX: CVL) announced that they have completed the previously announced sale from Proventure to Cervus of certain real estate assets that Cervus had leased from Proventure for the purposes of operating Cervus' agricultural and construction equipment dealerships for aggregate consideration equal to $25,900,000.
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