Lawrence Asset Management Inc. reduces position in Trinorth Capital Inc.



    TORONTO, Feb. 27 /CNW/ - Lawrence Asset Management Inc. ("LAMI") has
filed an early warning report in respect of common shares of Trinorth Capital
Inc. (TRT) It has sold on behalf of funds it manages ("the Funds"). LAMI is an
Investment Manager and has control and direction over the common shares and
warrants of TRT held within the Funds.
    13,053,000 common shares of TRT have been sold by funds managed by LAMI
("the Funds") since the last early warning report was filed. This reduces the
Funds' control or direction from 19,342,500 common shares and 12,500,000
warrants to 5,247,500 common shares and 12,500,000 warrants, representing
approximately 10.87% of the common shares of TRT outstanding currently on a
partially diluted basis.
    The shares of TRT were sold for liquidity purposes on behalf of the
Funds. The Funds continue to hold a significant position in TRT.

    Lawrence Asset Management is a specialized global asset management firm
with interests and investments in Canada and around the world. We provide
investors with access to niche oriented investment funds from growth to yield
to specific geographic regions and industry sectors.

    %SEDAR: 00003606E




For further information:

For further information: Catherine Stretch, (416) 362-6283,
info@lawrenceasset.com, www.lawrenceasset.com

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LAWRENCE ASSET MANAGEMENT

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