Business NewsMarketWire • OSC Hearing on GrowthWorks to Proceed

OSC Hearing on GrowthWorks to Proceed

OSC Hearing on GrowthWorks to Proceed

TORONTO, ONTARIO--(Marketwire - May 14, 2011) - The Special Committee of the VenGrowth Funds has reviewed GrowthWorks' May 13 press release carefully and is pleased that Growthworks has acknowledged some of the defects in their communications to our shareholders including the use of an irrevocable and broad reaching support agreement. However, the Special Committee believes that GrowthWorks' proposed amendments fall far short of the regulatory standards that are in place to protect shareholder rights.

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