TORONTO, ONTARIO--(Marketwired - Feb. 9, 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"), acquired an aggregate of 7,991,000 common shares ("Common Shares") of Cub Energy Inc. ("Cub") on February 6, 2015 at a price of $0.02 per share in the open market (the "Acquisition").
As a result of the Acquisition, the Fund beneficially owns, and Harrington exercises control and direction over, an aggregate of 46,373,810 Common Shares and 19,000,000 warrants to acquire 2,014,000 Common Shares of Cub at $1.415 per share, representing approximately 15.42% of Cub's 311,746,285 outstanding Common Shares, calculated on a partially-diluted basis.
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:
441-293-0960