Jens Hansen

March 31, 2010 17:07 ET

Acquisition of Common Shares of Landen Capital Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2010) - Pursuant to the disclosure requirements of applicable securities laws, Jens E. Hansen reports that on March 26, 2010 he acquired beneficial ownership of 5,200,000 common shares of Landen Capital Corp. (the "Company") and share purchase warrants to purchase an additional 131,500 common shares of the Company, which shares, together with Mr. Hansen's previously held 185,000 common shares and 185,000 share purchase warrants of the Company, represent 15.55% of the issued and outstanding common shares of the Company (approximately 16.31% assuming the exercise of all of Mr. Hansen's warrants). A total of 5,000,000 common shares were issued to Mr. Hansen by the Company at a deemed issued price of CDN$0.125 per share in exchange for 50% of the issued and outstanding shares of SAMA Nickel Corporation ("SAMA", a private Canadian company) transferred to the Company in connection with the Company's acquisition of all of the issued and outstanding shares of SAMA pursuant to a share purchase agreement (the "Acquisition"). An additional 200,000 common shares and 100,000 warrants were issued to Mr. Hansen pursuant to the Company's private placement of units at a price of CDN$0.20 per unit (the "2010 Placement") completed concurrently with the Acquisition of SAMA. An additional 31,500 warrants were issued indirectly to Mr. Hansen by way of a finder's fee in connection with the 2010 Placement.

A copy of the related early warning report may be obtained from the SEDAR website (www.sedar.com) or from Jens E. Hansen at (613) 721 - 2919.

"Jens E. Hansen"

JENS E. HANSEN

Contact Information

  • Jens E. Hansen
    (613) 721-2919