The Griffin Corporation

The Griffin Corporation

January 30, 2007 09:42 ET

Zayma Realty Holdings Inc. Closed a Previously Announced Agreement to Acquire Shares of The Griffin Corporation (the "Company")

KITCHENER, ONTARIO--(CCNMatthews - Jan. 30, 2007) - Zayma Realty Holdings Inc. ("Zayma") (TSX VENTURE:GRN) is a real estate investment company incorporated in Ontario.

On January 29, 2007, Zayma closed a previously-announced agreement to acquire 1,014,500 common shares in the Company in a private transaction (see news release dated January 25, 2007). 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 were acquired by Zayma for investment purposes.

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

  • Zayma Realty Holdings Inc.
    Mr. Asish K.Hari or Radhika Vaidyanathan