FAX Capital Corp.

10:04 AM EST - FAX Capital Corp. : Has indirectly acquired all the issued and outstanding subordinate voting shares of the Company, other than the Subordinate Voting Shares already owned by Fax Investments or Blair Driscoll, effective today for a price of $5.18 in cash per Subordinate Voting Share. A detailed description of the Arrangement, which was approved by the Company’s shareholders at its annual general and special meeting on June 24, is set out in the Company’s management information circular dated May 25. FAX Capital Corp. shares T.FXC are trading unchanged at $5.17.

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