Radiant Investment Management Ltd.

September 22, 2011 18:21 ET

Radiant Investment Management Ltd. Acquires Additional Shares of Afexa Life Sciences Inc.

TORONTO, ONTARIO--(Marketwire - Sept. 22, 2011) - Radiant Investment Management Ltd. ("Radiant") announced that on September 22, 2011 Radiant acquired, on behalf of certain funds managed by Radiant (the "Radiant Funds"), 524,500 common shares ("Shares") of Afexa Life Sciences Inc. ("Afexa") through the facilities of the TSX.

Immediately after this acquisition, Radiant owns, or exercises control or direction over, on behalf of the Radiant Funds, an aggregate of 5,600,000 Shares representing approximately 5.43% of the issued and outstanding Shares of Afexa.

Including the Shares acquired on September 22, Radiant has acquired, on behalf of the Radiant Funds, a total of 5,600,000 Shares since commencement of the bid for Afexa by Paladin Labs Inc. on August 10, 2011.

The Shares were acquired and are being held for investment purposes. Depending on market and other conditions, Radiant may from time to time in the future increase or decrease its ownership, control or direction over the Shares or other securities of Afexa, for its own account or for the Radiant Funds, through market transactions, private agreements or otherwise.

Contact Information

  • Glen Gibbons
    366 Adelaide St W, Suite 601
    Toronto, ON
    M5V 1R9
    647.776.2189