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Matrix Clarifies Working Capital Situation
TORONTO, ONTARIO--(Marketwired - June 6, 2013) - On June 4, 2013, Matrix Asset Management Inc. (TSX:MTA) ("Matrix") announced the sale of 100% of the portfolio management, custodian and related contracts of the Matrix Group of Investment Funds to Marquest Asset Management Inc. ("Marquest") and all of the operational assets (excluding working capital) of Seamark Asset Management Inc. ("Seamark") to Marquest and certain members of management (the "Purchasing Seamark Management Group") of Seamark for a combined sale price of approximately $8.75 million.
View More : http://www.marketwire.com/mw/release.do?id=1799309&sourceType=3
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