CFS International Inc. Redeems its Preferred Shares

From: CCNMatthews Newswire | Date: January 31, 2006 | Copyright information

TORONTO, ONTARIO--(CCNMatthews - Jan. 31, 2006) - CFS International Inc. (CFS) announces that all outstanding Preferred Shares of CFS were redeemed today at a price of $3.75 per share. The redemption followed the purchase earlier today of preferred shares which shareholders elected to sell to 1206036 Alberta Ltd., a wholly- owned subsidiary of CFS' controlling shareholder Ports International Enterprises Limited (PIEL).

Notice of redemption of the preferred shares will be sent on or before February 3, 2006 to each shareholder of CFS who has not yet surrendered their share certificates for ...

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