The Fox Hat Equities Ltd. Acquires Shares of Park Lawn Corporation
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 07/30/13 -- The Fox Hat Equities Ltd. ("The Fox Hat") announced today that it has, in concert with several joint actors (collectively, the "Investors"), acquired 990,868 Common Shares in Park Lawn Corporation ("Park Lawn"), at a price of $9.07 per share (the "Purchase Price"). The purchase was made pursuant to a private Share Purchase Agreement between The Fox Hat as purchaser on behalf of the Investors, and Frank Mills, Patricia Mills, the Frank and Patricia Mills Settlement, Larry Boland through his corporation Micasasuerte Inc. and Tom Falus through Team Capital Corporation, as vendors (collectively, the "Mills/Boland Group").
On closing of the foregoing Share Purchase Agreement, the 2011 Shareholders Agreement among the Mills/Boland Group and The Fox Hat Group was terminated. Members of The Fox Hat Group also terminated the 2011 Voting Trust Agreement among them. As a result, there are no longer any restrictions on the Park Lawn shares imposed by agreement.
As a result of the foregoing acquisition, the Investors (together with members of The Fox Hat Group who acquired Park Lawn shares in 2011) hold approximately 40.4% of the outstanding Common Shares of Park Lawn. The Investors acquired these shares for investment purposes, and have no intention of increasing their investment beyond current levels.
The shares of Park Lawn are listed on the TSX Venture Exchange.
The Fox Hat's registered office is 181 University Ave., Ste 2100, Toronto, Ontario, M5H 3M7.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this press release.
Contacts:
Dale & Lessmann LLP
Mr. David Clark
Solicitor for The Fox Hat
416-369-7808
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Datum: 30.07.2013 - 15:00 Uhr
Sprache: Deutsch
News-ID 1250186
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