Kaleidescope, Waitrose, Laura Ashley Online Store, UK, Avon Cosmetics, Shop Online for Mens Clothes at Joseph Bank, AA Home & Contents Insurance, Buy Wine Online at Majestic Wine, Gratton Chapters, Canada . Buy Now Pay Later With Interest Free Credit | Natural Collection Indigo to offer rights to existing common shareholders Toronto, January 25, 2002 - Indigo Books & Music Inc. (TSE: IDG) announced today that its board of directors has approved an offering of rights to the company's existing common shareholders. Shareholders will receive one right for each common share held by them. Four rights will entitle the holder thereof to one common share of Indigo. The exercise price will be $3.50 per Indigo common share. Proceeds net of expenses, assuming exercise of 100% of the rights, are expected to be approximately $14.6 million, and will be used to provide the company with capital to further reduce overall levels of indebtedness. Proceeds will also be used to cover certain costs associated with the restructuring of stores previously offered for sale and with initiatives to improve merchandising and logistics information systems. Indigo expects that the proposed rights offering will be completed shortly after the end of the company's current fiscal year, which ends on March 30, 2002. This offering is subject to necessary securities, regulatory and Toronto Stock Exchange approvals. About Indigo Indigo is a Canadian company and the largest book retailer in Canada, operating bookstores in all provinces under the names Indigo Books Music & more, Chapters, Coles, SmithBooks and World's Biggest Bookstore. Indigo operates http://chapters.indigo.ca, an online retailer of books, videos and DVDs. Indigo is a publicly traded company, listed on the TSE under the stock symbol IDG. To learn more about Indigo, please visit the About Our Company section of http://chapters.indigo.ca. For further information: Tracy Nesdoly, Vice President Communications Indigo Books & Music Inc., Tel: 416.263.5025, Fax: 416.598.5060 Retail Corporate Profile Management SEDAR Filings News Releases Online Corporate Profile Management News Releases Info Desk iREWARDS Program About Our Company Affiliate Opportunities Careers Contact Us Corporate Sales Gift Certificates Privacy Policy Shipping Rates Store Locations Wish List chapters.indigo.ca: home Shopping Bag | Account Centre | Wish List | Help iREWARDS Program | Corporate Sales | Store Locations All Products Books DVD Video Gifts Books Advanced Search Search Tips Browse Books Art and Architecture Audiobooks Biography & Memoir Business and Finance Children's Books Computers View all Categories Browse DVD Action & Adventure Comedies Dramas Foreign Films Horror & Suspense Kids & Family View all Categories Browse Video Action & Adventure Comedies Dramas Foreign Films Horror & Suspense Kids & Family View all Categories . Head Office | Privacy Policy | Free Delivery | Chapters Coupons