Homburg Invest Engages Independent Financial Advisor and Legal Council

Homburg Invest Inc. announced that its Board of Directors has engaged, on behalf of the previously established Independent Committee of the Board of HII, an independent financial advisor and legal counsel to advise the Committee in connection with the non-binding proposal submitted by Richard Homburg to the Company which was previously announced on June 7, 2011.

Deloitte & Touche LLP has been engaged to undertake a formal valuation of the Class A and Class B shares of the Company. Deloitte & Touche LLP is preparing such formal valuation in accordance with Multilateral Instrument 61-101 concerning the protection of minority securityholders in certain transactions.
McCarthy Tétrault LLP has been engaged as independent legal counsel to the Committee.

on June 19, 2011