TORONTO, April 12, 2012 /CNW/ - Anson Investments Master Fund LP ("Anson") announces that it has acquired on the TSX Venture Exchange ownership and control over 3,366,000 common shares of TriNorth Capital Inc. (TSXV:TRT) ("TriNorth"), representing approximately 2.2% of TriNorth's issued and outstanding common shares ("Shares"), at an average price of CAD $0.051 per Share.
Prior to this acquisition, Anson held 15,129,000 Shares of TriNorth and, following the acquisition, the number of TriNorth Shares held by Anson is 18,495,000 or approximately 12.2% of the Shares outstanding.
Anson acquired the Shares for investment purposes only and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over, or exercise any rights to acquire, Shares or other securities of TriNorth through market transactions, private agreements or otherwise.
This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Further information, including a copy of the early warning report, will be obtainable at www.sedar.com under TriNorth's company profile or by contacting Bruce Winson at the information above.
For further information:
111 Peter Street, Suite 904