Pasquale DiCapo

June 16, 2008 16:04 ET

Pasquale DiCapo Acquires Common Shares of Haemacure Corporation

TORONTO, ONTARIO--(Marketwire - June 16, 2008) - Mr. Pasquale DiCapo ("DiCapo") announces that on June 12, 2008, it acquired ownership of 1,448,679 common shares ("Common Shares") of Haemacure Corporation ("Haemacure") and 1,448,679 common share purchase warrants (the "Warrants") (each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $0.25 until April 18, 2013). In the event that the Warrants are fully exercised, these holdings represent approximately 1.39% of the total issued and outstanding Common Shares as of June 12, 2008, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, DiCapo and its joint actors held, as at June 12, 2008, an aggregate of 13,806,179 Common Shares and convertible securities exercisable into 9,802,358 Common Shares (the "Convertible Securities"), including the Warrants. Of these totals, DiCapo directly holds 3,448,679 Common Shares and 2,897,358 Convertible Securities. If DiCapo and its joint actors were to exercise all of the Convertible Securities, their combined ownership would represent a total of 23,608,537 Common Shares or approximately 10.93% of such shares outstanding as of June 12, 2008, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. If DiCapo were to exercise all of Convertible Securities held by him, its direct ownership would represent a total of 6,346,037 Common Shares, or approximately 3.03% of such shares outstanding as of June 12, 2008, calculated on a partially diluted basis assuming the exercise of the Convertible Securities held by DiCapo only.

These transactions were made for investment purposes and DiCapo could increase or decrease his investments in Haemacure depending on market conditions or any other relevant factor.

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