Lions Investment Ltd.

August 05, 2011 12:56 ET

Acquisition of Common Shares of EcoSynthetix Inc.

TORONTO, ONTARIO--(Marketwire - Aug. 5, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES

On August 4, 2011, Lions Investment Ltd. ("Lions") acquired ownership of up to 13,421,245 common shares (the "Shares") of EcoSynthetix Inc. (the "Company") pursuant to an agreement of purchase and sale entered into in connection with the initial public offering of the Company. The Shares were issued from treasury at a price of $9.00 per Share. As a result of this acquisition, Lions owns up to 13,421,245 common shares of the Company, representing 30.4% of the currently issued and outstanding common shares of the Company.

The Shares were acquired by Lions for investment purposes. Lions may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over, or exercise its current rights to acquire, common shares or other securities of the Company through market transactions, private agreements or otherwise.

A copy of the report relating to this acquisition may be found on the Company's profile at www.SEDAR.com or may be obtained from Andrew Needham, Senior Manager, CIBC Bank and Trust Company (Cayman) Limited at 1.345.914.9427 or at Lions Investment Ltd., 11 Dr. Roy's Drive, P.O. Box 694, Grand Cayman, KY1-1107, Cayman Islands.

The filing of this report is not an admission that an entity named in the report owns or controls any described securities or is a joint actor with another named entity.

Contact Information

  • CIBC Bank and Trust Company (Cayman) Limited
    Andrew Needham
    Senior Manager
    1.345.914.9427