Lloyd I. Miller, III acquires common shares of MFC Bancorp Ltd.

WEST PALM BEACH, FL, Aug. 18, 2016 /CNW Telbec/ - On August 17, 2016, Lloyd I. Miller, III, ("Miller") acquired ownership, control or direction over an aggregate of 25,000 common shares of MFC Bancorp Ltd. ("MFC") (NYSE-MFCB), representing approximately 0.04% of the currently issued and outstanding common shares of MFC.  The foregoing common shares were acquired through Lloyd I. Miller Trust A-4 ("Trust A4"), a trust in respect of which Miller is the manager of the investment advisor. These common shares were acquired through the facilities of the NYSE at an average price of US$2.2995 per common share or CDN$2.9629 per common share (based on the Bank of Canada noon exchange rate on August 17, 2016).

Immediately prior to the transaction described herein, Miller owned or had control or direction over an aggregate of 7,601,464 common shares of MFC, representing approximately 12.04% of the issued and outstanding common shares of MFC through:



Percentage of Issued and 



Outstanding Common 

Entity

Shares Owned

 Shares of MFC

Trust A1

112,701

0.18%

Trust A2

30,000

0.05%

Trust A3

217,000

0.34%

Trust A4

2,447,661

3.88%

AMIL

38,853

0.06%

Alexandra

6,900

0.01%

Trust C

939,110

1.49%

Crider

157,973

0.25%

Trust D

83,913

0.13%

DYNC

48,600

0.08%

DYNL

12,000

0.02%

DYNS

69,700

0.11%

EDUC

81,754

0.13%

Eli Trust

6,800

0.01%

MILGRAT R10

46,361

0.07%

GSTC

149,947

0.24%

GSTK

99,806

0.16%

GSTL

98,214

0.16%

Lauren Trust

6,800

0.01%

LIM IRA

859

0.00%

LIMFAM

57,712

0.09%

LIM

505,886

0.80%

Lloyd IV

5,453

0.01%

Luke Custody

2,181

0.00%

Luke Trust

6,800

0.01%

M1

726,142

1.15%

M2

1,141,533

1.81%

M3

28,600

0.05%

M3-2

57,279

0.09%

Marli Trust

47,207

0.07%

Milfam LLC

234,270

0.37%

Spouse Account

94,500

0.15%

Susan's Children's Trust

38,949

0.06%

Total

7,601,464

12.04%

Immediately after the transaction, Miller owns or has control or direction over an aggregate of 7,626,464 common shares of MFC, representing approximately 12.08% of the issued and outstanding common shares of MFC through:



Percentage of Issued and 



Outstanding Common 

Entity

Shares Owned

 Shares of MFC

Trust A1

112,701

0.18%

Trust A2

30,000

0.05%

Trust A3

217,000

0.34%

Trust A4

2,472,661

3.92%

AMIL

38,853

0.06%

Alexandra

6,900

0.01%

Trust C

939,110

1.49%

Crider

157,973

0.25%

Trust D

83,913

0.13%

DYNC

48,600

0.08%

DYNL

12,000

0.02%

DYNS

69,700

0.11%

EDUC

81,754

0.13%

Eli Trust

6,800

0.01%

MILGRAT R10

46,361

0.07%

GSTC

149,947

0.24%

GSTK

99,806

0.16%

GSTL

98,214

0.16%

Lauren Trust

6,800

0.01%

LIM IRA

859

0.00%

LIMFAM

57,712

0.09%

LIM

505,886

0.80%

Lloyd IV

5,453

0.01%

Luke Custody

2,181

0.00%

Luke Trust

6,800

0.01%

M1

726,142

1.15%

M2

1,141,533

1.81%

M3

28,600

0.05%

M3-2

57,279

0.09%

Marli Trust

47,207

0.07%

Milfam LLC

234,270

0.37%

Spouse Account

94,500

0.15%

Susan's Children's Trust

38,949

0.06%

Total

7,626,464

12.08%

The common shares were acquired for investment purposes. Depending on the evolution of MFC's business, financial condition, the market for MFC's securities, general economic conditions and other factors, Miller and his joint actors may acquire additional securities of MFC, or sell some or all of the securities they hold, in the open market, by private agreement or otherwise, subject to their availability at attractive prices, market conditions and other relevant factors.

The head office address of MFC is suite 1860, 400 Burrard Street, Vancouver, British Columbia, V6C 3A6.

SOURCE LLOYD I. MILLER, III

For further information: For inquiries or a copy of the related early warning report required under Canadian provincial securities legislation, a copy of which has also been filed on www.sedar.com, please contact: Lloyd I. Miller, III, 3300 South Dixie Highway, Suite 1-365, West Palm Beach, Florida, USA 33405, Telephone: (561) 287-5399; Eric Fangmann, 3300 South Dixie Highway, Suite 1-365, West Palm Beach, Florida, USA 33405, Telephone: (561) 287-5399

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LLOYD I. MILLER, III

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