(Stock Symbol "RME" - TSX)
CALGARY
,
Sept. 18
/CNW/ -
Rocky Mountain
Dealerships Inc. ("
Rocky Mountain
" or the "Company") (TSX: RME),
Mr. Matt Campbell
, Chief Executive Officer of
Rocky Mountain
and
Mr. Derek I. Stimson
, President of
Rocky Mountain
announce that pursuant to the completion of the Company's short form prospectus offering (the "Offering") of 3,900,000 common shares ('Common Shares") at a price of
$6.20
per Common Share, as set out in the Company's news release of
September 15, 2009
,
Mr. Campbell
and
Mr. Stimson
have each acquired 80,000 Common Shares.
Prior to the completion of the Offering,
Mr. Campbell
beneficially owned or controlled 2,773,689 Common Shares, representing 20.7% of the issued and outstanding Common Shares and held stock options to acquire up to 110,000 Common Shares. Upon completion of the Offering,
Mr. Campbell
beneficially owns or controls 2,853,689 Common Shares, representing 16.6% of the issued and outstanding Common Shares (including the Common Shares issued pursuant to the Offering) and holds stock options to acquire up to 110,000 Common Shares.
Prior to the completion of the Offering,
Mr. Stimson
beneficially owned or controlled 1,945,685 Common Shares, representing 14.7% of the issued and outstanding Common Shares and held stock options to acquire up to 110,000 Common Shares. Upon completion of the Offering,
Mr. Stimson
beneficially owns or controls 2,025,685 Common Shares, representing 12.0% of the issued and outstanding Common Shares (including the Common Shares issued pursuant to the Offering) and holds stock options to acquire up to 110,000 Common Shares.
Both
Mr. Campbell
and
Mr. Stimson
acquired the Common Shares for investment purposes and may, from time to time, acquire additional securities of RMDI, dispose of some or all of the existing or additional securities they hold or will hold, or may continue to hold their current position.
For further information: OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED IN CONNECTION WITH THIS MATTER, PLEASE CONTACT: Rocky Mountain Dealerships Inc., 828 - 46th Avenue S.E., Calgary, Alberta, T2G 2A6, Matt Campbell, Chairman and Chief Executive Officer, (403) 243-8600, Garrett Ganden, Chief Financial Officer, Visit our website at www.rockymtn.com
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