MONTREAL, March 5 /CNW Telbec/ - Curtis Page, an officer and director of Alphinat Inc., announces that he has sold 1,000,000 common shares of Alphinat at price of $0.155 per share in the public market through the facilities of the TSX Venture Exchange. Following the disposition of these shares, Mr. Page used the proceeds to acquire 1,000,000 shares of Alphinat, at a price of $0.12 per share, by exercising 1,000,000 common share purchase warrants of Alphinat which were previously issued to him.
As a result of the foregoing transactions, Mr. Page has control over 4,323,000 common shares of Alphinat, representing approximately 11.75% of the currently issued and outstanding common shares of Alphinat. If Mr. Page was to exercise all of his 2,750,000 remaining Alphinat common share purchase warrants, Mr. Page's holdings would represent approximately 17.88% of the then issued and outstanding common shares of Alphinat, on a partially-diluted basis.
The transactions were made for investment purposes and Mr. Page may increase or decrease his investment in Alphinat depending on market conditions or any other relevant factor.
SOURCE Alphinat Inc.
For further information: For further information: Curtis Page, (514) 880-2227