PowerOne Capital Corp.

Delavaco Residential Properties Corp.

Delavaco Residential Properties Corp.

January 04, 2016 16:00 ET

PowerOne Capital Corp. Acquires Securities of Delavaco Residential Properties Corp.

TORONTO, ONTARIO--(Marketwired - Jan. 4, 2016) - PowerOne Capital Corp. ("POCC"), 130 King Street West, Suite 2210, Toronto, Ontario M5X 1E4 announces that on December 31, 2015, it acquired ownership of 5,414,948 common shares ("Common Shares") of Delavaco Residential Properties Corp. ("Delavaco"). These securities represent approximately 9.93% of the issued and outstanding Common Shares as of such date.

Immediately following the transaction noted above, the Offeror and its joint actor directly own and control an aggregate of 7,015,448 Common Shares and convertible securities entitling the Offeror and its joint actor to acquire an additional 869,565 Common Shares, representing approximately 12.87% of the issued and outstanding Common Shares at December 31, 2015 (or approximately 14.24% on a partially diluted basis, assuming exercise of the convertible securities only). Of this total, the Offeror directly owns and controls an aggregate of 7,015,448 Common Shares representing approximately 12.87% of the issued and outstanding Common Shares as of December 31, 2015.

These securities were acquired for a purchase price of CAD $0.275 per share, in a private transaction and not through the facilities of any stock exchange. These securities are held for investment purposes, and will be reviewed on a continuing basis and may be increased or decreased in the future.

To obtain a copy of the report filed pursuant to applicable securities regulations in connection with the foregoing, please contact:

Shaun Drake
DSA Corporate Services Inc.
Tel: 416-848-0101
Fax: 416-848-0790
sdrake@dsacorp.ca
36 Toronto Street
Suite 1000
Toronto, Ontario M5C 2C5

Contact Information

  • DSA Corporate Services Inc.
    Shaun Drake
    416-848-0101
    416-848-0790 (FAX)
    sdrake@dsacorp.ca