TORONTO, Jan. 29, 2014 /CNW/ - Lorito Holdings S.á.r.l. ("Lorito") and
Zebra Holdings & Investments S.á.r.l. ("Zebra"), two companies
controlled by a trust settled by the late Adolf H. Lundin, announced
today that each had acquired ownership of 14,100,786 common shares and
14,100,785 common shares respectively of Etrion Corporation (TSX:ETX)
(OMX:ETX) ("Etrion") in consideration of approximately Cdn$0.70 per
common share by way of private placement. As a result of these
acquisitions, Lorito and Zebra hold 42,200,620 common shares and
34,642,218 common shares respectively of Etrion representing 12.6% and
10.4% respectively of the issued capital of Etrion.
Etrion and Zebra are joint actors with respect to their holdings in
Etrion and have acquired the shares for investment purposes. Each of
Lorito and Zebra may from time to time increase or decrease their
investment in Etrion depending upon the business and prospects of
Etrion and depending upon future market conditions.
SOURCE: Lorito Holdings S.A.R.L.
For further information:
John H. Craig