Richard Groome announces change in holdings of securities of Sofame Technologies



    MONTREAL, May 27 /CNW Telbec/ - Mr. Richard Groome announces that, due to
a change in the nature or control of ownership, he has disposed of (i) 851,500
common shares, (ii) $250,000 in principal amount of convertible debentures
(convertible into 2,500,000 common shares at a price of $0.10 per share) and
(iii) 499,998 common share purchase warrants exercisable for an equivalent
number of common shares of Sofame Technologies ("Sofame") at a price of $0.25
per share. Mr. Groome no longer exercises trading authority or control over
these securities. In addition, Mr. Groome disposed of an aggregate of
1,576,000 common shares of Sofame over which he exercised, directly or
indirectly, control through private transactions as well as through the
facilities of the TSX Venture Exchange.
    As a result of the foregoing transactions, Mr. Groome disposed of an
aggregate of 2,427,500 common shares of Sofame, which represents 2.43% of
Sofame's issued and outstanding common shares as at the date hereof on a
partially-diluted basis.
    Prior to the disposition described above, Mr. Groome held, directly or
indirectly, or had control or direction over an aggregate of 6,932,425 common
shares of Sofame. Consequently, immediately after the transactions described
above, Mr. Groome has control over a total of 4,504,925 common shares of
Sofame, which represent an interest of 4.51% in Sofame's issued and
outstanding common shares as at the date hereof on a partially-diluted basis.
Assuming the exercise of all options and warrants held directly, indirectly or
over which Mr. Groome exercises control or direction, and the conversion of
debentures, Mr. Groome will have control over an aggregate of 12,598,963
common shares of Sofame, which represents an interest of 11.67% of Sofame's
issued and outstanding common shares as at the date hereof on a
partially-diluted basis.
    The foregoing securities are held for investment purposes and, in
accordance with applicable securities laws, Mr. Groome may increase or
decrease his investment in Sofame depending on market conditions and other
relevant factors.
    %SEDAR: 00005005E




For further information:

For further information: Richard Groome, Notre-Dame Capital Inc., (514)
907-4989

Organization Profile

Sofame Technologies Inc.

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NOTRE-DAME CAPITAL INC.

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