Lorito Holdings S.a.r.l.

Zebra Holdings and Investments S.a.r.l.

September 01, 2015 18:57 ET

Lorito and Zebra Holdings Corporate Update

LUXEMBOURG, LUXEMBOURG--(Marketwired - Sept. 1, 2015) - Lorito Holdings S.à.r.l. ("Lorito") and Zebra Holdings and Investments S.à.r.l ("Zebra"), two companies controlled by a trust settled by the late Adolf H. Lundin, announced today that Lorito had acquired ownership of 4'000'000 common shares of Orca Gold Inc. (TSX VENTURE:ORG) ("Orca") at Cdn$0.18 per common share for a total consideration of Cdn$720'000.00 through a private transaction on August 31st, 2015. As a result of this acquisition, Lorito and Zebra now hold 4'000'000 and 16'839'457 common shares respectively of Orca representing 3.72% and 15.68% respectively of the issued and outstanding capital of Orca.

Lorito and Zebra are joint actors with respect to their holdings in Orca and have acquired the shares for investment purposes. Each of Lorito and Zebra may from time to time increase or decrease their investment in Orca depending upon the business and prospects of Orca and depending upon future market conditions.

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

Contact Information

  • Mr. Aksel Azrac
    Telephone: + 352 26 30 27 70
    + 352 27 44 93 80 (FAX)