MONTREAL, Feb. 14 /CNW Telbec/ - CCFL Investments Ltd, an investment
company controlled indirectly by Paul Lowenstein and other related
entities, together the CCFL Group announces that it has acquired
beneficial ownership of an additional 1,000,000 common shares of
Alphinat Inc. and 125,000 common share purchase warrants. The common
shares and warrants were acquired by the CCFL Group in connection with
the private placement of Alphinat Inc., which closed on February 11,
The shares were acquired at a price of $0.10 per share. Each warrant
entitles the holder thereof to acquire one additional common share of
Alphinat, at a price of $0.12 per share, until February 11, 2014.
Taking into account the full exercise of the warrants issued under the
private placement, the common shares and warrants acquired by the CCFL
Group would represent approximately 2.34% of the outstanding common
shares of Alphinat.
Immediately following the acquisition referred to above, the CCFL Group
owns 4,000,000 common shares and 1,374,000 warrants. If the CCFL Group
was to exercise all of the warrants that it owns, it would own an
aggregate of 5,374,000 common shares, representing approximately 11.01%
of the outstanding common shares of Alphinat Inc.
SOURCE CCFL Investments Ltd
For further information:
CCFL Investments Ltd
+1 (514) 845 9884