On October 13, 2006, Travelzest plc, a British on-line travel group offering specialist travel programmes, completed its acquisition of 1360944 Ontario Inc., o/a iTravel2000.com, in an exchangeable share transaction valued at approximately $51.5 million. itravel2000.com is a privately owned Canadian on-line travel agent specialising in the sale of travel and travel related products by Internet web sites and a customer call centre located in Mississauga, Ontario. Consideration for the purchase of all of the outstanding shares of itravel2000.com consisted of a combination of cash and exchangeable shares of a wholly-owned British Columbia subsidiary of Travelzest. The exchangeable shares are exchangeable on a one-for-one basis with publicly traded Travelzest shares. Travelzest shares trade on the AIM market of the London Stock Exchange plc. The acquisition was financed in part by way of a debt facility provided by Barclays Corporate Leverage Finance in an amount of approximately £11 million. In Canada, Fasken Martineau acted for Travelzest with a team that included Alfred Apps, Lisa Marcuzzi, Kevin Clinton and Daniel Fabiano (corporate), Mitchell Thaw (tax), Ian Campbell (employment and labour), Bogdan Teofilovici (banking) and Gina Croce (corporate services).