C.A. Bancorp Inc. files Early Warning Report following acquisition of common shares of Partners Realty Holdings Inc. (TSX-V: CRH.P)
EARLY WARNING REPORT PURSUANT TO NATIONAL INSTRUMENT 62-103
TORONTO: C.A. Bancorp Inc. (“C.A. Bancorp”) announces that it has acquired 9,500,000 common shares of Partners Realty Holdings Ltd. (“Partners”) as part of a private placement by Partners of 15,000,0000 common shares at a price of $0.20 per common share (the “Private Placement”).
Prior to the Private Placement, C.A. Bancorp held 2,500,000 common shares of Partners, representing 41.7% of the outstanding common shares of Partners. After giving effect to the acquisition, C.A. Bancorp holds 12,000,000 common shares of Partners, representing 57.1% of the outstanding common shares of Partners.
The acquisition was effected through an issuance from treasury. The common shares of Partners were acquired for investment purposes. C.A. Bancorp, together with joint actors may from time to time, depending on market and other conditions, increase its beneficial ownership, control or direction over the common shares or other securities of Partners, through market transactions, private agreements, treasury issuances, acquisition and exercise of convertible securities, or otherwise.
An early warning report in respect of the above noted transaction will be filed on SEDAR and will be available at www.sedar.com.
More information: Paolo De Luca, (416) 214-5985 ext. 510 The Exchange Tower 130 King Street West, Suite 2850, Toronto, Ontario M5X lA4.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.