Robert Pollock

November 19, 2008 10:18 ET

Robert Pollock-News Release

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2008) - Robert Pollock announced today that he has acquired ownership of 838,000 common shares of Primary Corp. (the "Corporation") through the facilities of the TSX Venture Exchange with 80,000 common shares being acquired at a price of $0.29 per common share and 758,000 common shares being acquired at a price of $0.36 per common share.

Upon the acquisition, Mr. Pollock, the President and Chief Executive Officer and a director of the Corporation, beneficially owns or exercises control or direction over 4,578,200 common shares of the Corporation, representing approximately 13.74% of the outstanding common shares of the Corporation. In addition, Mr. Pollock holds warrants to acquire 500,000 common shares of the Corporation. Assuming the exercise of all of such warrants, Mr. Pollock would beneficially own or exercise control or direction over an aggregate of 5,078,200 common shares of the Corporation, representing approximately 15.01% of the then outstanding common shares of the Corporation.

The securities of the Corporation held by Mr. Pollock are held as an investment. Mr. Pollock does not have any present intention to acquire any additional securities of the Corporation. Mr. Pollock intends to review his investment in the Corporation on a continuing basis and may increase or decrease his holding of securities of the Corporation in the future. Any such increase or decrease will depend on various factors, including, among other things, the price and availability of securities of the Corporation, subsequent developments affecting the Corporation or its business, other available investments and business opportunities, general stock market and economic conditions, tax considerations and required regulatory approvals.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

Contact Information

  • Robert Pollock
    Suite 2110, Exchange Tower
    130 King Street West, Toronto, Ontario
    M5X 1B1
    (416) 214-9672