TORONTO, April 6 /CNW/ - Investmentaktiengesellschaft fur langfristige Investoren TGV (the "Purchaser") today announced that on April 1, 2010 it agreed to purchase an aggregate of 1,872,100 common shares (the "Shares") of AlarmForce Industries Inc. (the "Company") for an aggregate purchase price of $13,198,305, representing $7.05 per Share, with a settlement date of April 6, 2010. The Shares represent approximately 15.3% of the outstanding common shares of the Company (the "Common Shares"). This news release is being issued under the early warning provisions of Canadian securities legislation.
After closing this private transaction, the Purchaser will beneficially own and control 2,172,404 Common Shares, representing approximately 17.8% of the outstanding Common Shares.
The Purchaser agreed to purchase the securities for investment purposes and may or may not purchase or sell securities of the Company in the future on the open market or in private transactions, depending on market conditions and other factors to the extent permitted by applicable law and regulation.
SOURCE INVESTMENTAKTIENGESELLSCHAFT FUR LANGFRISTIGE INVESTOREN TGV
For further information: For further information: A copy of the Early Warning Report that will be filed with the applicable securities commissions can be obtained by contacting: Investmentaktiengesellschaft fur langfristige Investoren TGV, Jens GroBe-Allermann, Rungsdorfer StraBe 2e, DE-53173 Bonn, Germany, +49 228 368840