MONTREAL, Sept. 2 /CNW Telbec/ - This press release is issued by Wavon
John Soileau Revocable Trust (the "Trust") as required under Regulation 62-103
Respecting the Early Warning System and Related Take-Over Bid and Insider
Reporting Issues ("Regulation 62-103"). The Trust owned 7,856,578 common
shares of Ranaz Corporation ("Ranaz"), representing approximately 13.47% of
the outstanding common shares of Ranaz (the "Common Shares"). Its address is
3339 Highway 17W, Green Cove Springs, FL 32043, United States.
The Trust announces that on September 1, 2009, it privately purchased
6,461,538 (11.08%) common shares at a price of $0.065 per share for a total
consideration of $420,000. The Trust now holds 14,318,116 Common Shares
(approximately 24.55% of the outstanding Common Shares). John Soileau and Nina
Soileau, the Trust's trustees, are deemed joint actors of the Trust under
Regulation 62-103. John Soileau controls, through SSAD, llc ("SSAD"), 767,769
Common Shares of Ranaz and 383,884 share purchase warrants exercisable at a
price of CDN$1.65 until October 1, 2009 ("SSAD's Warrants"), representing
approximately 1.32% of the outstanding Common Shares (1.96%, assuming the
exercise of SSAD's Warrants). Nina Soileau does not hold or control, directly
or indirectly, Common Shares.
As a result of this transaction, the Trust and SSAD together own
15,085,885 Common Shares and 383,884 warrants (at an exercise price of
CDN$1.65), representing approximately 25.86% of the outstanding Common Shares
(26.35% assuming the exercise of SSAD's Warrants).
The Trust and Mr. Soileau hold their shares for investment purposes only.
A copy of the report under Regulation 62-103 to be filed will be
available by contacting Mr. Jean Bourassa-Marineau, President and Chief
Executive Officer at (514) 666-8010.
For further information:
For further information: Jean Bourassa-Marineau, President and Chief
Executive Officer, Ranaz Corporation, (514) 666-8010