Joseph Schillaci

November 17, 2014 09:46 ET

Early Warning Report on Kingsway Arms Retirement Residences Holdings

TORONTO, ONTARIO--(Marketwired - Nov. 17, 2014) - Joseph Schillaci (the "Offeror") announces that as of November 14, 2014, he has acquired an aggregate of 390,000 Common Shares in the capital of Kingsway Arms Retirement Residences Inc. (TSX VENTURE:KWA)(the "Company"). Acquisitions have been completed in the market through the TSX Venture Exchange or other Canadian stock markets, the most recent acquisition occurring at a price of $0.025 per share. As a result, the Offeror now owns 2,242,000 Common Shares representing approximately 12.53% of the issued and outstanding Common Shares of the Company.

The Offeror has acquired the securities for investment purposes and is currently considering whether or not to acquire additional securities of the Company. Depending upon his evaluation of the business, prospects and financial condition of the Company, the market for the Company's securities, general economic and tax conditions and other factors, the Offeror may acquire more or sell some or all of his securities of the Company.

Contact Information

  • Mr. Joseph Schillaci
    5-1290 Blundell Road
    Mississauga, Ontario L4Y 1M5
    (905) 615-9921