Joddes Limited

August 31, 2009 19:05 ET

Morris and Rosalind Goodman Family Foundation Announces Receipt of Gift of Paladin Labs Inc. Common Shares

MONTREAL, QUEBEC--(Marketwire - Aug. 31, 2009) - The Morris and Rosalind Goodman Family Foundation (the "Foundation") announced today that, pursuant to a deed of gift, a total of 2,848,942 common shares of Paladin Labs Inc. ("Paladin") were donated to the Foundation by Joddes Limited, a Morris and Rosalind Goodman family-owned investment holding company, which represents approximately 15.39% of the Paladin's current issued and outstanding common shares. Prior to the acquisition of the 2,848,942 common shares, the Foundation did not own any other securities of Paladin.

The 2,848,942 common shares were acquired by the Foundation pursuant to the donation and, although the Foundation has no current intention to acquire additional securities of Paladin, the Foundation may acquire, dispose or otherwise trade in or with respect to the securities of Paladin from time to time.

Contact Information

  • Samuel Altman
    514-340-7831
    514-342-3654 (FAX)