TORONTO, April 26, 2016 /CNW/ - Matthew Gaasenbeek (the "Offeror") announces that he, together with his joint actors, has acquired ownership and control of 4,240,000 common shares (the "Subject Shares") of EcoSynthetix Inc. (the "Company") on April 26, 2016, representing approximately 7.4% of all issued and outstanding common shares of the Company as of such date.
Upon completion of the transaction described above, the Offeror owns and controls an aggregate of 5,049,700 common shares of the Company (the "Owned Shares"), representing approximately 8.8% of the issued and outstanding common shares of the Company as of April 26, 2016.
Upon completion of the transaction described above, the Offeror, together with its joint actors, Matthew Gaasenbeek RRSP and Northern Crown Capital Corp., own and control an aggregate of 6,403,700 common shares of the Company of the Company (of which 5,049,700 Owned Shares are owned by the Offeror directly and 1,354,000 common shares are owned by its joint actors), representing approximately 11.2% of the issued and outstanding common shares of the Company as of April 26, 2016.
The Subject Shares were acquired through the facilities of the Toronto Stock Exchange. This transaction was effected for investment purposes and the Offeror and its joint actors could increase or decrease their investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The Subject Shares were acquired for a purchase price of $1.10 per share.
SOURCE Northern Crown Capital Corp.
For further information: Additional Information: A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting: Matthew Gaasenbeek, 155 University Avenue, 19th Floor, Toronto, Ontario, M5G 3B7, Tel: 416-560-1113