TORONTO, June 27 /CNW/ - Added Capital Corp. ("Added") (TSX-V: LS) and
Vic Alboini, Chairman and Chief Executive Officer of Added announced that Mr.
Alboini acquired 1,864,009 common shares of Added Capital Corp. ("Added") and
Stature Inc., an investment company owned by Mr. Alboini, acquired 163,829
common shares of Added for an aggregate of 2,027,838 common shares.
Mr. Alboini owns, or has control or direction over, 7,320,930 common
shares of Added representing approximately 11.4% of the issued shares of
Added. Mr. Alboini is also the Chairman and Chief Executive Officer of Jaguar
Financial Inc. ("Jaguar") which owns 13,766,824 common shares of Added
representing approximately 21.4% of the issued and outstanding common shares
of Added. Together, Mr. Alboini and Jaguar own 21,087,754 Added shares
representing approximately 32.7% of the total issued shares of Added.
The transaction was carried out pursuant to the "private agreement"
exemption in section 100.1(1) of the Securities Act (Ontario) from one vendor
at a price per security of $0.15.
Mr. Alboini acquired the common shares of Added for investment purposes.
Jaguar or Mr. Alboini may, directly or indirectly, depending on market and
other conditions, acquire beneficial ownership of, control or direction over,
additional common shares of Added, through market transactions, private
agreements or otherwise, in accordance with applicable securities legislation.
Jaguar or Mr. Alboini may, depending on market and other conditions, sell any
or all of their respective common shares of Added.
About Added Capital Corp.
Added is the parent company of Lakeside Steel Corporation ("Lakeside").
Lakeside, located in Welland, Ontario, is a diversified steel pipe and tubing
manufacturer. Lakeside's list of customers includes large oil and gas, mining,
automotive and commercial and industrial supply companies. In addition to
supplying its products in these industries, Lakeside manufactures pipe and
mechanical tubing for the resale market, which is sold to distributors in
Eastern Canada and the Northeastern United States. Lakeside manufactures a
variety of products for these industries including oil well tubing and casing,
mechanical tubing, pressure tubing, automotive tubing, hollows for redraw,
line pipe, heating and plumbing pipe, drill rod and specialty tubing. Lakeside
serves customers worldwide, either directly or indirectly, in Canada,
Australia and the United States.
The TSX-V does not accept responsibility for the adequacy or accuracy of
this release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
For further information:
For further information: For additional information on this press
release, please contact: Kyler Wells, Corporate Secretary, Added Capital
Corp., (416) 644-8177, Fax: (416) 644-0271, e-mail: email@example.com