TORONTO, Sept. 4 /CNW/ - Landmark Global Financial Corporation
("Landmark") (NEX: LST.H) announced on January 12, 2009 that it and all other
lenders to Salumatics Inc. ("Salumatics") had converted their loans into
equity. Landmark converted an aggregate of $3,784,418 into 2,204,209 common
shares, resulting in a 52% voting and 37% common equity interest in
Salumatics. As a result of the transaction, Landmark consolidated Salumatics'
results into its financial statements beginning the date of acquisition,
December 28th, 2008.
The transaction would be considered an acquisition of a business by
Landmark for the purposes of National Instrument 51-102 - Continuous
Disclosure Obligations ("NI 51-102") and Landmark should have prepared and
filed a Business Acquisition Report for the transaction pursuant to and within
the timeframes set out in NI 51-102. Landmark is currently preparing the
Business Acquisition Report for the transaction and anticipates filing it on
SEDAR at www.sedar.com on or about September 21, 2009.
The TSX Venture Exchange (NEX) does not accept responsibility for the
adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements. These statements are subject to a number
of risks and uncertainties. Actual results may differ materially from results
contemplated by the forward-looking statements. When relying on
forward-looking statements to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties and should
not place undue reliance on such forward-looking statements. Landmark does not
undertake to update any forward looking statements, oral or written, made by
itself or on its behalf.
For further information:
For further information: S. Allan Magnacca, President, Office: (416)