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Deal for Custom Helicopters finalized

February 1, 2012  By Carey Fredericks

Feb. 1, 2012, Winnipeg - Exchange Income Corporation announced today the successful completion of its acquisition of Custom Helicopters Ltd., a provider of helicopter-based aviation services in Manitoba and Nunavut.

The acquisition was first announced on January 12, 2012. The Corporation paid a total purchase price of $29 million, of which $4.3 million was paid through the issuance of 170,121 common shares and the balance, $24.7 million, was paid in cash.


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