CALGARY, April 17, 2017 /CNW/ - Ross Smith Asset Management ULC ("RSAM") announced that an investment fund it manages and advises, the Ross Smith Opportunities Fund ("RSOF"), has acquired 8,000 common shares (the "Shares") of STT Enviro Corp. ("STT") since a take-over bid for all of the outstanding shares of STT was filed by Carmeuse Lime (Canada) Limited with the Canadian securities regulatory authorities on April 13, 2017. The Shares were acquired through the facilities of the TriAct MATCHNow Exchange.
As a result of the acquisition of the Shares, RSOF now beneficially owns and RSAM exercises control and direction over 4,027,500 shares of STT, representing approximately 8.74% of the 46,087,525 issued and outstanding shares as of April 12, 2017 as per STT's Director's Circular.
RSOF acquired the Shares for investment purposes only and may, depending on market conditions and other factors, increase or decrease its beneficial ownership, control or direction over shares or other securities of STT through market transactions, private agreements or otherwise.
SOURCE Ross Smith Opportunities Fund
For further information: Julian Klymochko, Chief Investment Officer, Tel: 403-294-6894, Ross Smith Asset Management ULC, 305, 407-8th Avenue S.W., Calgary, Alberta, T2P 1E5