MONTREAL, Oct. 29, 2012 /CNW Telbec/ - In accordance with regulatory requirements, Richard Groome announces that his shareholdings in Sofame Technologies Inc. ("Sofame"), a Toronto Venture Exchange company (symbol: SDW) has decreased due to the expiry of warrants. Mr. Groome was holder directly or indirectly or over which he exercises control or direction of 9,821,160 warrants with expiry of October 25, 2012.
Prior to the expiry of warrants by Sofame giving rise to this press release, Mr. Groome had a direct or indirect interest (including securities over which he exercises control or direction) of 11.94% in Sofame's then issued and outstanding capital. Further to the expiry of these warrants by Sofame and assuming full exercise of all warrants, the direct or indirect interest (including securities over which he exercises control or direction), for Mr. Groome in Sofame's issued and outstanding capital as of October 29, 2012 has decreased to 7.23%.
The securities acquired by Mr. Groome referred to above are held for investment purposes only. These investments will be reviewed on a continuing basis and holdings may be increased or decreased in the future, depending on economic or market conditions or matters relating to the applicable issuer.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release nor has it approved nor disapproved the content thereof.
SOURCE: SOFAME TECHNOLOGIES INC.
For further information:
or to obtain a copy of the early warning report, communicate with:
Notre-Dame Capital Inc.
Attn: Ms. Sarah Perry
Tel : 514-907-4989