W. Hugh Notman

April 17, 2008 20:19 ET

W. Hugh Notman: Acquisition of Securities

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 17, 2008) - Mr. W. Hugh Notman announces that he has acquired a convertible debenture (the "Debenture") of Chromos Molecular Systems Inc. (the "Company") dated for reference February 12, 2008. The Debenture secures the Company's indebtedness to Mr. Notman in the amount of $400,000, which pursuant to the Debenture may be converted at any time at Mr. Notman's option to common shares of the Company at a price of $0.03 per share. As a result, and if the Debenture is fully converted, Mr. Notman acquired control of 13,333,333 common shares of the Company. This would, at the time of the conversion and together with the common shares of the Company previously acquired by Mr. Notman either alone or together with any joint actors, represent approximately 16.04% of the then issued and outstanding common shares of the Company, assuming no other shares are issued.

The Debenture was acquired for investment purposes only and Mr. Notman may purchase further securities of the Company in the future.

This news release is being issued pursuant to section 111 of the Securities Act (British Columbia) and corresponding legislation in other provinces. A copy of the report filed by Mr. Notman in connection with this acquisition is available on SEDAR.

W. Hugh Notman

Contact Information

  • W. Hugh Notman
    (604) 689-2495