News Release
Insta-Rent Inc. To Trade On TSX Venture Exchange
INSTA-RENT INC. ("IRR")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: April 4, 2008
TSX Venture Tier 1 Company
Effective at the opening Monday, April 7, 2008, the common shares of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Consumer Goods Rental' company.
The Company was formed in October 2007 in order to facilitate a "spin-out" transaction with Rentcash Inc. ('Rentcash'). Pursuant to a Plan of Arrangement, approved by Rentcash shareholders on November 28, 2007, an operating subsidiary of the Company has acquired certain business assets from Rentcash and shareholders of Rentcash will be issued one common share of the Company for each common share of Rentcash held.
Corporate Jurisdiction: Ontario
Capitalization: unlimited common shares with no par value of which 19,684,373 common shares are issued and outstanding.
Escrowed Shares: nil common shares
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: IRR
CUSIP Number: 45777C 10 9
For further information, please refer to the Rentcash management information circular dated October 30, 2007.
Company Contact: S. William (Bill) Johnson
Company Address: 17631-103 Avenue, Edmonton, Alberta T5S 1N8
Company Phone Number: (780) 408-5118
Company Fax Number: (780) 408-5122
Company Email Address: information@insta-rent.ca
