MONTREAL, Jan. 6 /CNW Telbec/ - Sipar inc. (« Sipar ») announces that it
has exercised some warrants it held in D-BOX technologies Inc.
(«D-BOX») (DBO.a on the TSX Venture Exchange) allowing to acquire
property and control of 714,300 additional common shares of D-BOX, or
0.47% of outstanding and issued D-BOX common shares at a price of $0.55
per common share for an aggregate amount of $392,865.
Prior to this exercise, Sipar held 17,878,488 common shares of D-BOX, or
14.41% of issued and outstanding shares of this category as of the date
of the previous press release issued by Sipar on February18, 2010.
Following this exercise, Sipar holds 18,592,788 common shares of D-BOX,
representing 12.16% of outstanding and issued common shares of D-BOX
and 250 000 warrants. In the event Sipar were to exercise the D-BOX
warrants which it still holds, its stake would then represent roughly
12.31% of all issued and outstanding common shares of D-BOX, given a
This transaction was made for investment purposes. Sipar my increase or
decrease its investment in D-BOX based on market conditions or other
Founded in 1992, Sipar is an investment management firm specialized in
Quebec publicly-traded companies. Sipar distinguishes itself through an
investment philosophy focusing on a fundamental perspective in addition
to strategic support for the companies in which it invests, and this,
with an objective of optimizing the potential return in the mid to long
For further information concerning Sipar, please visit its Website at www.sipar.ca
SOURCE D-BOX TECHNOLOGIES INC.
For further information:
M. Philippe Côté