MONTREAL, Sept. 2 /CNW Telbec/ - This press release is issued by Fiducie
Vanquish (the "Trust") as required under Regulation 62-103 Respecting the
Early Warning System and Related Take-Over Bid and Insider Reporting Issues
("Regulation 62-103"). The Trust owned 17,000,000 common shares of Ranaz
Corporation ("Ranaz"), representing approximately 35.46% of the outstanding
common shares of Ranaz (the "Common Shares").
The Trust announces that on September 1, 2009, it subscribed to
10,384,614 units of Ranaz (the "Units") at a price of $0.065 per Unit, each
Unit consisting of one Common Share and one share purchase warrant of Ranaz (a
"Warrant") enabling it to purchase a maximum of 10,384,614 additional Common
Shares for a period of five years, at a price of $0.10 per share. It now
holds, following this subscription and a private transaction, 20,923,076
Common Shares (approximately 35.87% of the outstanding Common Shares). Jean
Bourassa-Marineau and Bernard Prévot, the Trust's trustees, are deemed to be
joint actors of the Trust under Regulation 62-103. Jean Bourassa-Marineau does
not own or control, directly or indirectly, any Common Shares. Bernard Prévot
personally holds 1,000 Common Shares, representing 0.0017% of the outstanding
As a result of this transaction, the Trust and Bernard Prévot together
own 20,923,076 Common Shares and 10,384,614 Warrants (at an exercise price of
$0.10), representing approximately 35.87% of the outstanding Common Shares
(45.56% assuming the exercise of the Warrants).
The Units were bought from Ranaz's treasury at a price of $0.065 each,
for a total consideration of CDN$470,000.
The Trust holds its shares for investment purposes only.
A copy of the report under Regulation 62-103 to be filed will be
available by contacting Mr. Jean Bourassa-Marineau, President and Chief
Executive Officer at (514) 666-8010.
For further information:
For further information: Jean Bourassa-Marineau, President and Chief
Executive Officer, Ranaz Corporation, (514) 666-8010