TORONTO, May 27, 2011 /CNW/ - Jolyon Burton acquired, by private
placement, ownership of 2,450,000 units ("Units") of Chemaphor Inc.
("Chemaphor"). Each Unit was purchased for $0.10 and consists of one
common share and one-half of one common share purchase warrant in the
capital of Chemaphor.
Together with previous holdings, Mr. Burton owns, directly and
indirectly, a total of 3,717,117 common shares and 3,076,917 warrants
of Chemaphor. Assuming exercise of the warrants, Mr. Burton
beneficially owns, directly and indirectly, a total of 6,794,034 common
shares of Chemaphor, representing 11.41% of the issued and outstanding
common shares of Chemaphor.
The Units were acquired, without any joint actors, for investment
purposes and Mr. Burton may increase or decrease his investment in
Chemaphor depending on market conditions or any other relevant factors.
Suite 300, 65 Front Street East
Toronto, Ontario M5E 1B5
SOURCE Chemaphor Inc.
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