CCFL Investments Ltd, an investment company controlled indirectly by Paul Lowenstein, acquires an additional 1,000,000 common shares and 125,000 common share purchase warrants of Alphinat Inc.

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, 2011.

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:

Paul Lowenstein
Chairman
CCFL Investments Ltd
+1 (514) 845 9884

Organization Profile

CCFL Investments Ltd

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890