TORONTO, ONTARIO--(Marketwired - Dec. 19, 2013) - Extuple Limited Partnership (the "Offeror") has filed an Early Warning Report dated as of December 19, 2013 advising of its acquisition of 342,500 Common Shares of Espial Group Inc. (the "Issuer") through the facilities of the Toronto Stock Exchange. The 342,500 Common Shares acquired by the Offeror represents approximately 1.7% of the issued and outstanding Common Shares of the Issuer on an undiluted basis, (based upon the 19,771,120 common shares stated to be issued and outstanding as of December 17, 2013 by the Issuer). The Offeror now owns and controls, assuming the exercise of 642,857 common share purchase warrants of the Issuer, 2,271,071 Common Shares of ESP, representing 11.5% of the issued and outstanding shares of the Issuer on an undiluted basis and 11.1% of the issued and outstanding Common Shares of the Issuer on a partially diluted basis.
The Common Shares of the Issuer were acquired by the Offeror for investment purposes. The Offeror may from time to time acquire additional shares or other securities of the Issuer, dispose of some or all of the existing or additional Common Shares or other securities of the Issuer, or continue to hold Common Shares or other securities in the normal course of its investment activities.
The Offeror is managed by its General Partner, Extuple General Partner Corp. ("Extuple GP"), and the Offeror and Extuple GP may be considered to be joint actors in connection with the Offeror's investment in the Issuer. However, the issuance of this press release is not an admission that Extuple GP owns or controls any securities of the Issuer or that any entity named in this press release is a joint actor of another.