Boeckh Investments Inc.

July 03, 2014 12:43 ET

Boeckh Investments Inc.: Announcement

MONTREAL, QUEBEC--(Marketwired - July 3, 2014) - Boeckh Investments Inc. ("BII") announced today that it has acquired, pursuant to a private placement, 1,675,100 units (the "Units") of CriticalControl Solutions Corp. ("CriticalControl") at a price of $0.50 per Unit. Each Unit is comprised of one common share of CriticalControl (each, a "Common Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). The Warrants are exercisable at a price of $0.70 per Common Share at any time prior to June 30, 2015.

Prior to that acquisition, BII and joint actors owned or had control or direction over a total of 5,157,750 Common Shares, which represented 10.04% of the Common Shares of CriticalControl outstanding since CriticalControl's recent repurchase of stock through its normal course issuer bid. As a result of this transaction, BII and joint actors now hold 6,832,850 Common Shares and 837,550 Warrants, representing approximately 11.91% of the outstanding Common Shares of CriticalControl.

BII and joint actors purchased the Units for investment purposes. BII and joint actors may, depending on market and other conditions and subject to applicable securities regulation, change the beneficial ownership of (or control or direction over) CriticalControl's Common Shares and Warrants, whether in the open market, by privately negotiated agreements, or otherwise.

An early warning report in respect of the above noted transaction will be filed on SEDAR.

About Boeckh Investments Inc.

Boeckh Investments Inc. is a private investment holding company with a principal place of business in Montreal, Quebec.

Contact Information

  • William Powell
    Chief Financial Officer
    (514) 904-0551