Son-Dau Holdings Inc.

October 02, 2014 12:27 ET

Son-Dau Holdings Inc.: Acquisition of Shares of Saratoga Electronic Solutions Inc.

TORONTO, ONTARIO--(Marketwired - Oct. 2, 2014) - Son-Dau Holdings Inc. (the "Acquiror"), which is wholly owned by Joshua J. Duggan, announced its purchase yesterday of 3,500,000 outstanding common shares of Saratoga Electronic Solutions Inc. ("Saratoga") in a private transaction at a price of $0.01 per share. Neither the Acquiror nor Mr. Duggan previously owned or controlled any common shares of Saratoga. The acquired shares represent approximately 19.0% of the outstanding common shares of Saratoga.

The shares were acquired for investment purposes. The purchases were made concurrently with private purchases of other outstanding common shares of Saratoga by other purchasers, with the total number of common shares purchased by all the purchasers, including the Acquiror, totalling 11 million shares. The Acquiror and Mr. Duggan have no agreement or understanding with the other purchasers regarding the voting or trading of any common shares of Saratoga.

The Acquiror and Mr. Duggan have no current intention of acquiring additional common shares of Saratoga, but they may make further purchases or sales of the shares in the future as circumstances may warrant.

Contact Information

  • Son-Dau Holdings Inc.
    375 King Street West, Apt. 1901
    Toronto, Ontario
    M5V 1K5

    Joshua J. Duggan
    647-526-1881
    josh.duggan@gmail.com