Ausnoram Holdings Limited

August 20, 2009 09:38 ET

Ausnoram Holdings Limited: Change of Management

TORONTO, ONTARIO--(Marketwire - Aug. 20, 2009) - Ausnoram Holdings Limited (the "Company") announces that Chris Irwin, James Fairbairn and Greg Gibson have been appointed new directors of the Company. The newly appointed officers of the Company are James Fairbairn, President and Chris Irwin, Secretary.

In connection with the change of management, Mr. Chris Irwin has acquired an aggregate of 187,912 Class B shares of the Company, representing approximately 18.41% of the issued and outstanding voting shares of the Company and Mr. James Fairbairn has acquired an aggregate of 232,105 Class B shares of the Company, representing approximately 22.74% of the outstanding voting shares of the Company, bringing Mr. Fairbairn's total number of shares held, directly and indirectly, to 23.9%. The securities were acquired for investment purposes and Mr. Irwin and Mr. Fairbairn may increase or decrease their respective ownership position in the future.

Shares Outstanding:

170,354 Class "A"

849,958 Class "B"

Contact Information

  • Mr. Chris Irwin
    Secretary
    (416) 361-2516