MONCTON, NEW BRUNSWICK--(Marketwired - Aug. 28, 2014) - ORGANIGRAM HOLDINGS INC. (TSX VENTURE:OGI), pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues - and applicable Canadian securities legislation, announces that Denis Arsenault has acquired, directly, 5,719,737 common shares of OrganiGram Holdings Inc. (previously, Inform Exploration Corp.) (the "Issuer") representing approximately 11.08% of the outstanding common shares of the Issuer in exchange for 3,096,698 OrganiGram Inc. ("OrganiGram") common shares.
The shares were acquired as part of the reverse takeover (the "Transaction") of the Issuer by OrganiGram and the deemed value per share for the common shares issued by the Issuer in the Transaction was $0.85 per share.
An Early Warning Report pursuant to the requirements of applicable securities laws will be issued by Mr. Arsenault and will be posted to www.SEDAR.com and available on request at the number and address below.
The transaction was previously announced and further details about the transaction are available in the filing statement posted on www.SEDAR.com by the Issuer on July 30, 2014.
Neither 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.