With acquired warrants, West Face Capital's diluted interest is 11.4%
TORONTO, Aug. 10 /CNW/ - West Face Capital Inc. ("West Face") announced today that, on behalf of its funds under management, it has acquired 13.7 million common shares of Maple Leaf Foods Inc. (TSX: MFI; the "Company") representing 10.0% of the Company's common shares outstanding. It has also acquired approximately 2.2 million warrants which, if fully exercised, would result in funds managed by West Face owning 11.4% of Maple Leaf Foods' common shares.
West Face has acquired the shares for investment purposes.
Thomas Dea, a partner of West Face, said: "We believe the shares of Maple Leaf Foods have significant potential value and we hope to work with the Company to enhance value for all shareholders."
About West Face Capital: West Face Capital is a Toronto-based institutional investment manager with over $1.4 billion in capital under management.
SOURCE West Face Capital Inc.
For further information: For further information: West Face Capital Inc., Thomas Dea, 647-724-8900, email: email@example.com; Lute & Company, John Lute, 416-929-5883, email: firstname.lastname@example.org