Donald Lay

May 03, 2007 21:54 ET

Donald Lay: News Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 3, 2007) - Donald Lay (the "Offeror") of Vancouver, British Columbia announces that he has acquired beneficial ownership of, and control over, an additional 1,173,779 common shares of Contec Innovations Inc. ("Contec"), a reporting company whose shares are posted and listed for trading on the TSX Venture Exchange under the trading symbol "BUZ", representing approximately 1.9 percent of the issued and outstanding common shares of Contec. The shares were acquired on April 30, 2007, at a price of 15 cents per share via the exercise of 1,173,779 share purchase warrants (the "Transaction").

As a result of the Transaction, the Offeror beneficially owns and controls 6,588,986 common shares of Contec, representing approximately 10.67 percent of the issued and outstanding common shares of Contec Innovations. The offeror is a director and CEO of Contec and acquired the shares for investment purposes. The Offeror may in the future acquire ownership of, or control over, additional securities of Contec.

For a copy of the full report filed in respect of this matter, please contact Donald Lay at (604) 552-0360.

Contact Information

  • Donald Lay
    (604) 552-0360
    (604) 552-4960 (FAX)