Eastern Capital Limited acquires shares of Resverlogix Corp.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Nov. 23, 2011 /CNW/ - Eastern Capital Limited ("ECL") is pleased to announced that it has entered into an agreement with Resverlogix Corp. ("RVX") dated today's date pursuant to which ECL has acquired from RVX, on a private placement basis, 13,200,000 common shares of RVX at a price of $1.18 per common share, representing approximately 17.8% of the outstanding common shares of RVX.  After giving effect to this acquisition, ECL owns approximately 17.8% of the outstanding common shares of RVX.

The common shares were acquired for investment purposes only.  In the future, ECL or any of its joint actors may, subject to applicable law, acquire or dispose of common shares of RVX depending upon a number of factors, including general market and economic conditions and other available investment opportunities.

SOURCE Eastern Capital Limited

For further information:

please contact William Sullivan at 345.640.3330.

Eastern Capital Limited
Queensgate House
113 South Church Street
PO Box 1994
Grand Cayman, KY1-1104
Cayman Islands


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