COLABOR GROUP ANNOUNCED CLOSING OF COMPREHENSIVE RECAPITALIZATION TRANSACTIONS

    Boucherville, Québec, October 13, 2016 – Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Corporation”) announced this morning the closing (“Closing”) of the previously announced recapitalization transactions (the “Recapitalization Transactions”), including a $50 million rights offering (the “Rights Offering”) pursuant to which 74,626,866 common shares of Colabor (“Common Shares”) were issued.

     

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