TORONTO, Sept. 26, 2011 /CNW/ - Birch Hill Equity Partners Management
Inc. ("Birch Hill"), as general partner of each of Birch Hill Equity Partners IV, LP,
Birch Hill Equity Partners (US) IV, LP and Birch Hill Equity Partners
(Entrepreneurs) IV, LP (collectively, the "LPs") announced today that it has purchased 138,000 common shares (the "Shares") of Medwell Capital Corp. ("Medwell") on the TSX Venture Exchange representing in the aggregate 0.15% of the
outstanding Medwell Shares as of September 26, 2011. The Shares were
acquired at a cost of $0.09 per share for a total cost of $12,420.
Prior to the transaction, the LPs directly or indirectly owned
10,884,900 Shares of Medwell, representing approximately 11.96% of its
outstanding shares. As a result of the transaction, the LPs now
directly or indirectly own 11,022,900 Shares, representing
approximately 12.11% of the outstanding shares of Medwell.
The LPs hold the Medwell Shares for investment purposes. Depending on
market conditions and other factors, the LPs intend from time to time
to acquire additional securities of Medwell and may dispose of
additional securities of Medwell in the open market, by private
agreement or otherwise. The LPs do not intend to make a take-over bid
or enter into or pursue any other transaction which would result in the
LPs holding all or a majority of the outstanding Medwell Shares.
Persons who wish to obtain a copy of the Early Warning Report filed in
connection with this transaction may obtain a copy of such report from www.sedar.com or by contacting the person(s) listed below.
SOURCE Birch Hill Equity Partners Management Inc.
For further information:
100 Wellington Street West
CP Tower, Suite 2300, PO Box 22
Toronto, ON M5K 1A1