OXBOW Equities Corp.
TSX : XBO

OXBOW Equities Corp.

November 01, 2006 10:56 ET

Weiler Trusts Acquire Shares of Oxbow Equities Corp.

MONTREAL, QUEBEC--(CCNMatthews - Nov. 1, 2006) - OXBOW Equities Corp.(TSX:XBO)

The Siegfried Weiler 2002 Revocable Trust dated January 16, 2002 (the "Siegfried Weiler Trust") and The Anna L. Weiler 2002 Revocable Trust dated January 16, 2002 (the "Anna Weiler Trust") announce that they acquired ownership on October 31, 2006 of an aggregate of 47,881,700 common shares of Oxbow Equities Corp. ("Oxbow", XBO on the TSX), constituting 35.5% of the issued and outstanding common shares of Oxbow.

The Siegfried Weiler Trust acquired ownership of 39,309,932 common shares of Oxbow and the Anna Weiler Trust acquired ownership of 8,571,768 common shares of Oxbow. These acquisitions constitute 29.1% and 6.4%, respectively, of the issued and outstanding common shares of Oxbow. The Siegfried Weiler Trust and the Anna Weiler Trust may be considered to be joint actors for purposes of their respective ownership of common shares of Oxbow. Neither of them owned any securities of Oxbow before the acquisitions.

The acquisition occurred privately, not through any market. The Oxbow common shares were acquired for investment purposes with no present intention to make a take-over bid for Oxbow's common shares.

Contact Information

  • Oxbow Equities Corp.
    Mr. Siegfried Weiler
    847-364-8672