Boston Avenue Capital, LLC

Yorktown Avenue Capital, LLC

June 16, 2009 12:33 ET

Boston Avenue Capital, LLC, Yorktown Avenue Capital, LLC, James F. Adelson and Stephen J. Heyman Announce Filing of Early Warning Report in Respect of Hartco Inc.

TULSA, OKLAHOMA--(Marketwire - June 16, 2009) - Boston Avenue Capital, LLC ("Boston Avenue"), Yorktown Avenue Capital, LLC ("Yorktown Avenue"), Mr. James F. Adelson and Mr. Stephen J. Heyman, all of Tulsa, Oklahoma, announced that they have filed a joint early warning report with the Canadian securities regulatory authorities in connection with an aggregate of 2,422,000 common shares ("Common Shares") of Hartco Inc. ("Hartco"), which were issued to Boston Avenue and Yorktown Avenue by Hartco on April 15, 2009 in exchange for an aggregate of 2,422,000 trust units of Hartco Income Fund (the "Fund") pursuant to a plan of arrangement whereby the Fund converted into Hartco. Messrs. Adelson and Heyman serve as the managers to Boston Avenue and Yorktown Avenue and exercise control and direction over the Common Shares owned by them.

Messrs. Adelson and Heyman control an aggregate of 2,422,000 Common Shares, of which Boston Avenue owns 2,372,000 Common Shares and Yorktown Avenue owns 50,000 Common Shares, representing approximately 17.81% of the outstanding Common Shares of Hartco.

Contact Information

  • FREDERIC DORWART, LAWYERS
    Tamara R. Wagman, Esq.
    (918) 583-9958