Victhom Human Bionics Inc.

Victhom Human Bionics Inc.
Midsummer Investment Ltd

January 11, 2008 10:34 ET

Midsummer Capital LLC Increases its Participation in Victhom Human Bionics Inc.

NEW YORK, NEW YORK--(Marketwire - Jan. 11, 2008) - Midsummer Investment Ltd ("Midsummer Investment") announced today that it has acquired, ownership and control over 2,107,204 additional common shares of Victhom Human Bionics Inc. ("Victhom")(TSX:VHB) issued in payment of interest due by Victhom to Midsummer Investment pursuant to a debenture of a capital amount of $7,262,000 issued on March 22, 2005. Following this issuance, combined with its previous holdings of securities of Victhom, Midsummer Investment now controls over 11,419,751 common shares of Victhom, representing approximately 11.91% of the outstanding shares of Victhom. This news release is being issued under the early warning provisions of Canadian provincial securities legislation.

Depending on market conditions and other factors that Midsummer Investment may deem material to its investment decisions, Midsummer Investment may in the future acquire common shares or other securities of Victhom, in the open market or in privately negotiated purchases or otherwise, and may also, depending on then-current circumstances, dispose of all or a portion of such shares or other securities of Victhom, in one or more transactions, in each case to the extent then permitted by applicable law and regulation.

The address of Midsummer Investment as well as the name and telephone number of an individual to contact in order to obtain a copy of the early warning report of Midsummer Investment is as follows: Midsummer Investment Ltd, c/o Midsummer Capital, LLC., 295 Madison Avenue, 38th floor, New York, NY 10017

Contact Information

  • Midsummer Investment Ltd
    Michel A. Amsalem