February 13, 2006 08:00 ET
TORONTO, ONTARIO--(CCNMatthews - Feb. 13, 2006) - American Farm Investment Corporation, a company controlled by Gerald W. Schwartz, stated that it has today acquired 163,987 common shares (or approximately 0.7% of the total outstanding common shares) of Indigo Books & Music Inc. in a private transaction with The Trilogy Trust. The shares were acquired for investment purposes for $10.88 cash per share.
AFIC, together with other entities controlled directly or indirectly by Mr. Schwartz and with Ms. Heather M. Reisman, the spouse of Mr. Schwartz, now beneficially owns or exercises control or direction over an aggregate of 18,816,865 Indigo common shares, representing approximately 78.2% of the total outstanding common shares.
American Farm Investment Corporation161 Bay Street, 49th FloorToronto, OntarioLori Shapiro(416) 943-4110
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