Frank Miles

June 24, 2013 19:25 ET

Frank Miles: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 24, 2013) - Frank Miles of 7904 101 Avenue, Fort St. John, British Columbia, announces that he has acquired direct beneficial ownership of 2,341,234 Common shares (the "Conversion Shares") of Macro Enterprises Inc. ("Macro"). The Conversion Shares were acquired upon conversion of a loan owing to Mr. Miles from Macro in the aggregate principal amount of $3,511,851.40 at a conversion price of $1.50 per Common share, all pursuant to the terms of a Convertible Loan Agreement dated July 7, 2006 between Mr. Miles, Macro, Macro Industries Inc. and certain other lenders, as amended (the "Convertible Loan Agreement").

The Conversion Shares represent 8% of the issued and outstanding Common shares of Macro. Following issuance of the Conversion Shares, Mr. Miles has beneficial ownership of, or control or direction over, an aggregate of 9,115,095 Common shares of Macro, representing 31% of the issued and outstanding Common shares of Macro.

A copy of the early warning report in respect of this acquisition has been filed with the applicable securities commissions and can be found at A copy of the report may be obtained by contacting Frank Miles at 250.785.0033.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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  • Frank Miles