In order to complete the private placement, Algo availed itself of the financial hardship exemption provisions under Section 604(e) of the TSX Company Manual and of similar provisions contained in applicable provincial securities legislation.
Further details of the private placement are available in a "material change report" that has been filed by Algo with the provincial securities commissions. A copy of the material change report is available under Algo's corporate profile on www.sedar.com.
Canada's leading apparel firm Algo Group is a leading Canadian manufacturer and importer of ladies' fashion apparel, as well as men's, boy's and children's sportswear that is marketed throughout North America. As well, Algo Group designs and imports fashion fabric marketed through North-American apparel manufacturers and retail outlets. Company mission is to be a recognized leader in ladieswear, children's wear, adult sportswear and outerwear and textiles across Canada and the United States.
marketing@alchempro.com
