Dalmac Energy Inc. TSX Venture: "DAL"
EDMONTON, Feb. 26, 2016 /CNW/ - John Babic, President and CEO of Dalmac Energy Inc. (the "Company") (TSX Venture "DAL") wishes to announce that on February 5, 2016, Mr. John Babic the President and Chief Executive Officer of Dalmac ("Mr. Babic"), announces the acquisition of an additional 110,000 Common Shares of the Company (the "Common Shares") in the public market through the facilities of the TSX Venture Exchange, at a price of $0.085 per Common Share. As a result of the acquisition, Mr. Babic now has ownership and control over an aggregate of 6,819,667 Common Shares and 450,000 options to acquire Common Shares ("Options"), representing approximately 29.27% (basic) of the issued and outstanding Common Shares and 29.52% (fully diluted) of the issued and outstanding Common Shares, including Options held by Mr. Babic.
The Common Shares acquired by Mr. Babic, were purchased to increase Mr. Babic's shareholdings for investment purposes. Mr. Babic may, depending on market and other conditions, increase or decrease his beneficial ownership of or control or direction over the securities of the Company in the open market, subject to a number of factors, including general market conditions and other available investment and business opportunities.
This news release is being issued pursuant to Part 3 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. A copy of the report filed by Mr. Babic in connection with the acquisition of the Common Shares is available on the Company's SEDAR profile (the "Early Warning Report"), and it can also be obtained directly from John Babic by contacting the Company at the number shown below. Mr. Babic is relying on the exemption set forth in Section 4.1 of Multilateral Instrument 62-104 – Take-over Bids and Issuer Bids of the Canadian Securities Administrators, as described further in the Early Warning Report.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Dalmac Energy Inc.
For further information: Please contact John Babic, at 4934 - 89 Street NW, Edmonton AB T6E 5K1 by phone (780) 988-8510, by fax at (780) 988-8512, or by e-mail at email@example.com.