VANCOUVER, July 13 /CNW/ - BJW Capital Ltd. ("BJW"), of No. 3502 - 1088 Burrard Street, Vancouver, British Columbia V6Z 2R9 reports on its acquisition earlier today of shares of Wall Financial Corporation ("WFC") (TSX-V: WFC).
Pursuant to a share purchase agreement between Peter Wall and BJW, a company wholly owned by Bruno Wall, BJW has acquired ownership of 600,000 common shares of WFC (representing approximately 1.8% of the issued and outstanding common shares of WFC) at a purchase price of $7.00 per share, for an aggregate purchase price of $4,200,000. $2,100,000 of the purchase price was paid in cash on closing of the share purchase, and the remaining balance of $2,100,000 is payable, without interest, on February 28, 2011. Bruno Wall now directly and indirectly owns or controls 3,397,560 common shares of WFC, representing 10.26% of the issued and outstanding common shares of WFC. The acquisition of the WFC shares is for investment purposes only.
SOURCE BJW CAPITAL LTD.
For further information: For further information: BJW Capital Ltd., Bruno Wall, President, Tel: (604) 893-7131