Cagim Real Estate Corporation
TSX VENTURE : CIM

Cagim Real Estate Corporation

January 16, 2008 22:25 ET

Alain Larochelle Acquires Securities of Cagim

QUEBEC CITY, QUEBEC--(Marketwire - Jan. 16, 2008) - Alain Larochelle announces that today, he acquired the ownership of 389,500 common Class "A" shares of Cagim Real Estate Corporation (hereinafter, "Cagim") directly on the market. On a non-diluted basis, this holding represents 2.85% of Cagim's common Class "A" shares issued and outstanding as of January 16, 2008. On a diluted basis, assuming the exercise of his 150,000 Cagim stock options, this holding would represent 2.82% of Cagim's common Class "A" shares issued and outstanding as of January 16, 2008.

Following this acquisition, Alain Larochelle holds directly and indirectly, through Gestion Alain Larochelle Inc., 1,467,791 common Class "A" shares of Cagim. On a non-diluted basis, Alain Larochelle therefore directly or indirectly holds 10.74% of Cagim's common Class "A" shares issued and outstanding as of January 16, 2008. On a diluted basis, assuming the exercise of his 150,000 Cagim stock options, this holding would represent 11.71% of Cagim's common Class "A" shares issued and outstanding as of January 16, 2008.

Cagim's common Class "A" shares are listed on the TSX Venture Exchange under the symbol CIM.

The Cagim securities held directly and indirectly by Alain Larochelle are held for investment purposes. Such investment will be periodically reviewed and Alain Larochelle's holding may be increased or decreased in the future.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Alain Larochelle
    418-682-4155