Coretec Inc.
TSX : CYY

Coretec Inc.

December 19, 2007 09:30 ET

Directors Morrison and Langston Buy Shares in Coretec Inc.

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2007) - Robert J. Morrison and Paul Colin Langston, both directors of the board of Coretec Inc. , announced that they have each purchased 611,750 common shares of Coretec Inc. (TSX:CYY) on the Toronto Stock Exchange at a price of $0.31 per share, on December 18, 2007.

Before this purchase, Mr. Morrison owned 2,948,000 common shares of Coretec Inc., or 15.8% of such shares outstanding. Following this purchase, Mr. Morrison now owns 3,559,750 common shares of Coretec Inc., or 19.1% of such shares outstanding. Before this purchase, Mr. Langston, directly and indirectly owned 3,337,365 common shares of Coretec Inc., or 17.9% of such shares outstanding. Following this purchase, Mr. Langston now owns 3,949,115 common shares of Coretec Inc., or 21.2% of such shares outstanding.

The purchases were made for investment purposes, and Mr. Morrison and Mr. Langston could increase or decrease their investments in Coretec Inc. depending on market conditions or any other relevant factor.

Contact Information

  • Coretec Inc.
    Andre Kern
    (416) 208-2165