Featherstone Capital Advisors Inc.

July 15, 2009 17:11 ET

Featherstone Capital Advisors Inc.: Acquisition of Shares of Option-NFA Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2009) - On July 13, 2009, Featherstone Capital Advisors Inc. ("Featherstone") advanced to Option-NFA Inc. (the "Company") a loan of $100,000 (the "Loan") evidenced by way of a convertible unsecured promissory note. The loan is convertible, at the option of Featherstone, into an aggregate of 2,000,000 common shares (the "Shares") of the Company at the conversion rate of $0.05 per common share. The Company also issued to Featherstone an aggregate of 400,000 common shares (the "Shares") of the Company as consideration for the risks taken by Featherstone in advancing the Loan to the Company. Accordingly, Featherstone beneficially owns an aggregate of 400,000 Shares which represents 3.45% of the Company's current issued and outstanding common shares. Upon conversion of the Loan, the 2,000,000 Conversion Shares and 400,000 Shares will represent 17.63% of the Company's then issued and outstanding common shares.

Following the above-mentioned transaction and in the event that the Loan is converted in full, Featherstone will beneficially own 2,400,000 common shares of the Company, representing 17.63% of the Company's then issued and outstanding common shares. Messrs. Doug Forster and Blayne Johnston are the controlling shareholders of Featherstone. Messrs. Forster and Johnston do not personally hold any common shares of the Company.

The issuance of the 400,000 Shares and the advancement of the Loan to the Company were undertaken for investment purposes only, and Featherstone may increase or decrease its shareholdings in the Company as circumstances may arise. Messrs. Forster and Johnston do not personally hold any common shares of the Company.

A copy of the related early warning report filed with the British Columbia and Alberta Securities Commissions may be obtained from the SEDAR website (www.sedar.com) or by contacting the Company at (604) 687-3992.

Douglas B. Forster, President

Contact Information

  • Featherstone Capital Advisors Inc.
    Douglas B. Forster
    604 681 6100