TORONTO, May 31, 2016 /CNW/ - BrightPath Early Learning
Inc. ("BrightPath" or the "Company") (TSX-V: BPE), the leading
Canadian provider of high-quality early childhood education and
care, commented today on the special resolution that would
authorize the Board of Directors of BrightPath to effect a
consolidation of its common shares within certain parameters, to be
voted on by shareholders at its June 6,
2016 Annual General and Special Meeting (the
"AGM").
The Company has received enquiries regarding the special
resolution relating to the proposed share consolidation. In light
of these enquiries, BrightPath wishes to clarify that the current
intention of the Board of Directors is that any such prospective
share consolidation would only occur in conjunction with a
corporate, strategic and/or capital market initiative undertaken by
the Company, if any. While the Company is not in a position to
make any such announcement at this time, this approval is being
proposed at the AGM to avoid the time and cost required to hold a
special shareholder meeting solely for this purpose should a share
consolidation be deemed beneficial.
Shareholders are encouraged to attend the AGM which will be held
on Monday, June 6th at
12:30 pm Eastern Time at the Hilton
Toronto located at 145 Richmond Street West, Toronto, Ontario.
ABOUT BRIGHTPATH EARLY LEARNING INC.
BrightPath Early Learning Inc. is a Canadian leader in child
care and early education with 55 locations in major markets across
the country. Meeting the highest standards in curriculum,
nutrition, technology and recreational programming, BrightPath is
committed to providing families with the very best child
development and care Canada has to
offer.
For more information, please visit
www.BrightPathKids.com/corporate (TSX‐V: BPE) or contact
Dale Kearns, President & Chief
Financial Officer of BrightPath Early Learning Inc. at (403)
705-0362 Ext. 406.
FORWARD-LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking
statements regarding the future growth, results of operations,
performance and opportunities of the Company. Forward-looking
statements can generally be identified by the use of, but not
limited to, the following words: "plans", "expects" or "does not
expect", "budget", "scheduled", "estimate", "forecast", "pro
forma", "anticipate" or "does not anticipate", "believe", "intend",
"inferred", "potential" and similar expressions or statements that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking
statements are not historical facts, but reflect the Company's
current expectations regarding future results or events based on
information currently available and what the Company believes to be
reasonable assumptions. All forward-looking statements are
qualified by these cautionary statements.
Forward-looking statements are subject to a number of risks,
assumptions and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied by such forward-looking statements. Factors that could
cause actual results or events to differ materially from those
expressed, implied or projected include, but are not limited to,
general economic conditions, the Company's ability to meet and
maintain forecasted occupancy levels, general government policies,
continued availability of government child care subsidies to
parents, unexpected costs or liabilities related to acquisitions,
construction, environmental matters, legal matters, changes in
interest rates, credit spreads and the availability of financing.
In addition, please refer to the Risks and Uncertainties section of
the Company's annual Management's Discussion and Analysis. As such,
the Company gives no assurance that actual results will be
consistent with these forward-looking statements.
Readers should not place undue reliance on any such
forward-looking statements. These forward-looking statements are
made as of the date hereof. The Company undertakes no obligation to
publicly update or revise any such statement, reflect new
information or reflect the occurrence of future events or
circumstances, except as required by securities laws.
SOURCE BrightPath Early Learning Inc.