The Griffin Corporation
TSX VENTURE : GRN

The Griffin Corporation

December 19, 2006 14:14 ET

Zayma Aquires Shares of The Griffin Corporation

KITCHENER, ONTARIO--(CCNMatthews - Dec. 19, 2006) - The Griffin Corporatin (TSX VENTURE:GRN) -

Zayma Realty Holdings Inc. ("Zayma") is a real estate investment company incorporated in Ontario on September 26, 1997.

Between December 18, 2006 and December 19, 2006, Zayma acquired 535,500 common shares in the Company. Zayma's shareholding in the Company along with shares owned by Vista Hospitality Company Canada Inc. and Mallekhanu & Sherali Fazal Visram Foundation, aggregating 4,855,741 shares represent approximately 19.56% of the current number of common shares of the Company outstanding. The shares were acquired by Zayma from the open market over the TSXV, for the purposes of investment.

Zayma may buy or sell shares or other securities of the Company in the open market, in private transaction or otherwise depending on the market conditions and other factors.

Contact Information

  • The Griffin Corporation
    Mr. Asish K. Hari
    Chief Financial Officer
    (519) 744-4400
    or
    The Griffin Corporation
    Radhika Vaidyanathan
    (519) 744-4400