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CALGARY, Oct. 17, 2012 /CNW/ - Sylogist Ltd. ("Sylogist") (TSXV: SYZ) is pleased to announce that Mawer Investment Management Ltd. ("Mawer") has increased its interest in Sylogist to 1,952,438 shares as at September 30, 2012, representing approximately 10.00% of the outstanding Sylogist shares at that date. Such shares are controlled (but not owned) by Mawer on behalf of client accounts over which it has discretionary trading authority. Currently Sylogist has 18,936,235 shares outstanding.
Mawer has advised Sylogist that it acquired the Sylogist shares for investment purposes and that it may, from time to time, on its own behalf and on behalf of client accounts over which Mawer has discretionary trading authority, acquire additional shares, dispose of shares or continue to hold shares as circumstances may dictate.
Sylogist is a technology innovation and licensing company which, through strategic acquisitions, investments and operations management, provides intellectual property solutions to a wide range of public and private sector customers. The Company's stock is traded on the TSX Venture Exchange under the symbol "SYZ".
- Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release-
SOURCE: Sylogist Ltd.
Jim Wilson, President and CEO