Cagim Real Estate Corporation
TSX VENTURE : CIM

Cagim Real Estate Corporation

April 28, 2010 18:19 ET

Alain Larochelle Announces Exercise of Options for Shares in Cagim

QUEBEC CITY, QUEBEC--(Marketwire - April 28, 2010) - Alain Larochelle announces that he has exercised on April 26, 2010, all of his stock options to purchase 430,000 class "A" shares in the capital stock of Cagim Real Estate Corporation (TSX VENTURE:CIM) ("Cagim") (the "Common Shares") for a total consideration of $256,250. On a diluted and non-diluted basis, this holding represents 2.27% of the Common Shares issued and outstanding as of April 26, 2010.

As of this day, and after giving effect to the exercise of his stock options to purchase 430,000 Common Shares, Alain Larochelle directly and indirectly holds 1,925,646 Common Shares. On a diluted and non-diluted basis, Alain Larochelle currently holds 10.15% of Common Shares issued and outstanding as of April 26, 2010.

The Common Shares of Cagim are listed on the TSX Venture Exchange under the symbol CIM.

The Cagim securities held by Alain Larochelle, either directly or through allies, are for investment purposes. These investments shall be reviewed periodically and the holdings of Alain Larochelle may be increased or decreased in the future, as deemed appropriate.

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

Contact Information

  • Cagim Real Estate Corporation
    Alain Larochelle
    418-682-4155