Ian M.T. McAvity

May 22, 2012 17:51 ET

Duncan Park Holdings Corporation Early Warning News Release

TORONTO, ONTARIO--(Marketwire - May 22, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Ian M.T. McAvity, Toronto, Ontario, announced today that he acquired 2,171,000 common shares ("Shares") of Duncan Park Holdings Corporation (the "Company") (TSX VENTURE:DPH)(OTCQX:DCNPF). The Shares were issued on a "flow-through" basis and were acquired pursuant to a private placement carried out by the Company at a price of $0.05 per share.

Together with Shares he previously held, Mr. McAvity, the President and Chief Executive Officer and a director of the Company, currently holds an aggregate of 9,324,189 Shares, representing approximately 9.51% of the issued and outstanding Shares on a non-diluted basis. In addition, Mr. McAvity holds an aggregate of 966,666 vested stock options (the "Vested Options"), 300,000 of which are exercisable for Shares at a price of $0.30 per share until January 2, 2013 and 666,666 of which are exercisable for Shares at a price of $0.10 per share until March 31, 2016. In the event that all of the Vested Options are exercised, he would hold 10,290,855 Shares or approximately 10.39% of the issued and outstanding Shares on a partially diluted basis.

Mr. McAvity acquired the Shares, pursuant to the accredit investor exemption under National Instrument 45-106, for investment purposes. Subject to applicable securities laws, Mr. McAvity may, from time to time, increase or decrease his beneficial ownership, control or direction over securities of the Company, through market transactions, private agreements or otherwise.

Contact Information

  • For further information or a copy of the early
    warning report related to this matter, please contact:
    Ian M.T. McAvity
    (416) 203-0860
    ian@duncanpark.com