October 27, 2016 10:00 ET
LANGLEY, BRITISH COLUMBIA--(Marketwired - Oct. 27, 2016) - On October 26, 2016, pursuant to an acquisition in the public market, Mr. Glenn Olnick, 2122 Indian Fort Drive, Surrey, B.C., acquired ownership of 3,064,000 common shares of eShippers Management Ltd. (the "Corporation") at a price of $0.03 per common share. The common shares of the Corporation are listed on the NEX under the trading symbol "EPX.H".
Prior to giving effect to the foregoing acquisition of common shares, Mr. Olnick owned 4,603,100 common shares of the Corporation (or approximately 8.93% of the issued and outstanding Common Shares (non-diluted)). Mr. Olnick now owns or controls 7,667,100 common shares (or approximately 14.88% of the issued and outstanding common shares (non-diluted)).
In the future, Mr. Olnick may acquire additional securities of the Corporation, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position.
For further information or to receive a copy of the early warning report filed by Mr. Olnick with securities regulatory authorities in Canada in connection with this press release, please contact Leah Hodges at (604) 377-0403.
Leah Hodges(604) 377-0403
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