D-BOX Technologies Inc.

D-BOX Technologies Inc.

January 06, 2011 04:45 ET


MONTREAL, Jan. 6 - Sipar inc. (" Sipar ") announces that it has exercised some warrants it held in D-BOX technologies Inc. ("D-BOX") (DBO.a on the TSX Venture Exchange) allowing to acquire property and control of 714,300 additional common shares of D-BOX, or 0.47% of outstanding and issued D-BOX common shares at a price of $0.55 per common share for an aggregate amount of $392,865.

Prior to this exercise, Sipar held 17,878,488 common shares of D-BOX, or 14.41% of issued and outstanding shares of this category as of the date of the previous press release issued by Sipar on February18, 2010.

Following this exercise, Sipar holds 18,592,788 common shares of D-BOX, representing 12.16% of outstanding and issued common shares of D-BOX and 250 000 warrants. In the event Sipar were to exercise the D-BOX warrants which it still holds, its stake would then represent roughly 12.31% of all issued and outstanding common shares of D-BOX, given a partial dilution.

This transaction was made for investment purposes. Sipar my increase or decrease its investment in D-BOX based on market conditions or other relevant factors

About Sipar

Founded in 1992, Sipar is an investment management firm specialized in Quebec publicly-traded companies. Sipar distinguishes itself through an investment philosophy focusing on a fundamental perspective in addition to strategic support for the companies in which it invests, and this, with an objective of optimizing the potential return in the mid to long term.

For further information concerning Sipar, please visit its Website at www.sipar.ca

Contact Information

  • M. Philippe Côté
    Sipar inc.