John F. Driscoll

C.A. Bancorp Inc.
TSX : BKP

C.A. Bancorp Inc.

February 23, 2009 17:20 ET

John F. Driscoll Files Early Warning Report Following Acquisition of Common Shares of C.A. Bancorp Inc. (TSX:BKP)

EARLY WARNING NEWS RELEASE PURSUANT TO NATIONAL INSTRUMENT 62-103

TORONTO, ONTARIO--(Marketwire - Feb. 23, 2009) - John F. Driscoll (the "Securityholder"), The Exchange Tower, 130 King Street West, Suite 2850, Toronto, Ontario, M5X 1A4, announces that he has acquired, together with joint actors, through the facilities of the Toronto Stock Exchange, beneficial ownership and control over 27,000 common shares of C.A. Bancorp Inc. (the "Corporation") at a price of $0.93 per common share, representing approximately 0.099% of all issued and outstanding common shares of the Corporation (the "Acquisition").

Immediately after the Acquisition, the Securityholder together with joint actors holds an aggregate of 3,278,276 common shares of the Corporation representing approximately 12.01% of the outstanding common shares of the Corporation and the option to acquire up to an additional 347,500 common shares of the Corporation upon exercise of options. Of these totals, J.F. Driscoll Investment Corp. holds 2,283,158 common shares, DCT Investments Corp. holds 231,500 common shares, Petro Assets Inc. holds 339,991 common shares, Driscoll Children's Trust holds 57,447 common shares, Merrilyn Driscoll holds 131,300 common shares of the Corporation and the Securityholder holds 234,880 common shares of the Corporation and options to purchase 347,500 common shares of the Corporation. If the Securityholder were to exercise all of his options to purchase common shares of the Corporation, the Securityholder together with joint actors would beneficially own and control an aggregate of 3,625,776 common shares of the Corporation, representing approximately 13.28% of the issued and outstanding common shares of the Corporation, calculated on a partially diluted basis assuming the exercise of the options held by the Securityholder only (but not the exercise of any options or convertible securities held by any other holder).

The Securityholder acquired the 27,000 common shares of the Corporation for investment purposes and alone or together with joint actors may, from time to time, depending on market and other conditions, acquire additional securities of the Corporation, dispose of some or all of the existing or additional securities of the Corporation or continue to hold his current position.

An early warning report in respect of the above will be filed on SEDAR and will be available at www.sedar.com.

More information

For further information or copies of the report filed in connection with this news release with the various securities commissions, please contact:



Michele Warling
The Exchange Tower,
130 King Street West, Suite 2850,
Toronto, Ontario M5X lA4
(416) 861-8729

Contact Information

  • C.A. Bancorp Inc.
    Michele Warling
    (416) 861-8729