On September 16, 2016 Dominion Holding Corporation (“DHC”), the holder of 100% of the issued and outstanding common shares of Dominion Citrus Limited (“Dominion Citrus”), announced that it proposed a takeover bid for all of the 1,021,150 issued and outstanding Series A preference shares of Dominion Citrus for $1.00 per preference share.

On July 29, 2016, DHC acquired 100% of the issued and outstanding common shares of Dominion Citrus, as well as certain debt, security and option purchase assets pursuant to a definitive agreement dated May 24, 2016. DHC is beneficially controlled by Mr. Paul Scarafile, the President and CEO of Dominion Citrus.

Peterson McVicar is acting for the acquiror with a team that includes Dennis Peterson and Michal Malecki.