TORONTO, Sept. 3 /CNW/ - Geoffrey B. Genovese today announced that he has
acquired ownership of an additional 150,000 common shares ("Common Shares") of
Envoy Capital Group Inc. ("Envoy") (TSX - ECG, NASDAQ - ECGI), representing
approximately 1.75% of the current issued and outstanding Common Shares.
As a result of this acquisition, Mr. Genovese now owns an aggregate of
1,691,083 Common Shares representing approximately 19.76% of the issued and
outstanding Common Shares.
The Common Shares were acquired on the open market through the facilities
of the NASDAQ on September 3, 2009 at a price of US$1.38 per Common Share
(which is equal to CDN$1.52 per Common Share based on an exchange rate of 1
USD = 1.1034 CAD). The Common Shares were acquired for investment purposes
only. Mr. Genovese does not have any current intention of acquiring ownership
of, or control or direction over, any additional Common Shares. Depending on
market conditions and other relevant factors, Mr. Genovese may, in the future,
increase or decrease his beneficial ownership of, or control or direction
over, Common Shares through market transactions, private agreements or
An early warning report in respect of the above noted transaction will be
filed on SEDAR, a copy of which may be obtained at www.sedar.com once filed.
For further information:
For further information: Geoffrey B. Genovese, 9 Boulevard D'Italie,
Monte Carlo, Monaco, 98000, Tel: (416) 593-1212