Stonehouse Capital Management Inc.

March 25, 2009 15:41 ET

Stonehouse Announces Acquisition of Equity Interest in MTI Global Inc.

TORONTO, ONTARIO--(Marketwire - March 25, 2009) - Stonehouse Capital Management Inc. announced the acquisition today by one or more of its managed client accounts of 2,000,000 common shares of MTI Global Inc. (TSX:MTI) representing approximately 7.2% of the total issued common shares of MTI. The MTI shares were acquired on the Toronto Stock Exchange for investment purposes. Combined with the MTI shares previously held, Stonehouse now has control over a total of 5,244,120 common shares, through separately managed account agreements, representing approximately 18.8% of the total issued common shares of MTI.

Stonehouse believes the common shares of MTI are undervalued and will consider further means to assist in the enhancement of shareholder value. Stonehouse client accounts may from time to time, depending on market and other conditions, acquire additional common shares, dispose of some or all of the existing or additional shares or continue to hold the shares.

Contact Information

  • Stonehouse Capital Management Inc.
    Daniel Marks
    President
    (416) 907-6908