(TSX VENTURE EXCHANGE: CPS)
EDMONTON, Feb. 13, 2015 /CNW/ - Kluskus Holdings Ltd. ("Kluskus") an entity controlled by John K. Assman, acquired 5,561,339 common shares (each a "Share") of Claim Post Resources Inc. ("CPS") and 2,220,801 warrants of CPS entitling the holder to purchase an equivalent number of Shares (each a "Warrant") pursuant to a distribution in specie by Continental Transportation Sales & Leasing Limited Partnership ("CTSL LP"), another entity controlled by Mr. Assman, amongst all of its nine limited partners, of which Kluskus is one.
As a result, Kluskus owns approximately 11.7% of the 121,083,908 issued and outstanding Shares of CPS as at the date of such acquisitions. In addition, Kluskus owns 2,845,801 Warrants. If Kluskus were to exercise all such Warrants, Kluskus would then own, assuming no other changes, 13.7% of what would then be 123,929,708 issued and outstanding Shares. Mr. Assman also personally holds 550,000 options to acquire Shares, which if exercised along with the Warrants, Mr. Assman would then own, assuming no other changes 14.1% of what would then be 124,479,709 issued and outstanding Shares. 400,000 of such options were granted prior to the press release filed on SEDAR February 1, 2013.
These details update information previously disclosed by Mr. Assman by way of press release filed on SEDAR February 1, 2013.
Mr. Assman's interest in CPS is for investment purposes only. Mr. Assman and Kluskus have no current intention of making a take-over bid for CPS. Mr. Assman and Kluskus reserve the right from time to time to purchase additional Shares or to dispose of Shares held by Kluskus and/or Mr. Assman.
SOURCE Claim Post Resources Inc.
For further information: John K. Assman, 9011 - 50 Street NW, Edmonton, Alberta T6B 2Y2, Phone: (780) 468-4300