TORONTO, Nov. 5, 2012 /CNW/ - Aston Hill Asset Management Inc. (the "Manager") is pleased to announce
that it has today entered into a purchase agreement (the "Agreement")
with Cambridge Asset Management Inc. ("Cambridge") under which
Cambridge will become the manager of, and assume the management
agreement governing, Lawrence Enterprise Fund Inc. (the "Fund"). The
Manager, directly or through its predecessors, has been managing the
Fund since its inception in October 2001.
Completion of the sale, which is expected to occur on or about December
14, 2012, is subject to certain closing conditions including approval
of the Fund's shareholders, regulatory approval, and other customary
closing conditions. If the conditions to closing have not been
fulfilled by December 31, 2012, either the Manager or Cambridge may
terminate the Agreement.
About Aston Hill Asset Management Inc.
The Manager is a wholly-owned subsidiary of Aston Hill Financial Inc.
(TSX: AHF). Aston Hill Financial Inc. is a diversified asset
management company with a suite of retail mutual funds, closed-end
funds, private equity funds, hedge funds and segregated institutional
funds. The Company is also engaged in oil and gas property
management. Aston Hill Financial Inc. has offices
in Calgary and Toronto.
About Cambridge Asset Management Inc.
Cambridge Asset Management is a Canadian-based private investment
management firm with offices in Toronto and is led by Larry Guy, Chief
Executive Officer. The company is registered as an Investment Fund
Manager and Portfolio Manager in Ontario.
SOURCE: Aston Hill Asset Management Inc.
For further information:
Michael J. Killeen
Aston Hill Asset Management Inc.