Harrington Global Limited

February 12, 2015 18:01 ET

Harrington Global Acquires Common Shares of Cub Energy Inc.

TORONTO, ONTARIO--(Marketwired - Feb. 12, 2015) - Harrington Global Limited ("Harrington") announced that it, on behalf of Harrington Global Opportunities Fund S.à.r.l., which it manages and advises (the "Fund"), has acquired an aggregate of 15,735,000 common shares ("Common Shares") of Cub Energy Inc. ("Cub") at a price of $0.02 per share in the open market, and has disposed of 19,000,000 warrants to acquire 2,014,000 Common Shares.

As a result of the transactions noted above, the Fund beneficially owns, and Harrington exercises control and direction over, an aggregate of 62,108,810 Common Shares, representing approximately 19.92% of Cub's 311,746,285 issued and outstanding Common Shares.

This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters.

For additional information, or for a copy of the early warning report filed in respect of the above transactions, please contact Daniel Guy at 441-293-0960.

Contact Information

  • Daniel Guy
    441-293-0960