The Griffin Corporation
TSX VENTURE : GRN

The Griffin Corporation

January 25, 2007 09:48 ET

Zayma Realty Holdings Inc. Acquires Shares of The Griffin Corporation (the "Company")

KITCHENER, ONTARIO--(CCNMatthews - Jan. 25, 2007) - Zayma Realty Holdings Inc. ("Zayma") (TSX VENTURE:GRN) is a real estate investment company incorporated in Ontario.

On January 24, 2007, Zayma signed an agreement to acquire 1,014,500 common shares in the Company in a private transaction. These shares along with shares already owned by Zayma, Vista Hospitality Company Canada Inc. and Malekkhanu & Sherali Fazal Visram Foundation, aggregate 5,870,241 shares and represent approximately 23.64% of the current number of common shares of the Company outstanding. The shares are being acquired by Zayma for the purposes of investment.

Zayma may buy or sell shares or other securities of the Company in the open market, in private transactions or otherwise depending on the market conditions and other factors.

Contact Information

  • The Griffin Corporation
    Mr. Asish K.Hari
    (519) 744-4400
    or
    The Griffin Corporation
    Radhika Vaidyanathan
    (519) 744-4400