TORONTO, June 16 /CNW/ - Geoffrey B. Genovese today announced that he has
acquired ownership of an additional 200,000 common shares ("Common Shares") of
Envoy Capital Group Inc. ("Envoy") (TSX - ECG, NASDAQ - ECGI), representing
approximately 2.34% of the current issued and outstanding Common Shares.
As a result of this acquisition, Mr. Genovese now owns an aggregate of
1,541,083 Common Shares representing approximately 18.01% of the issued and
outstanding Common Shares.
The Common Shares were acquired on the open market through the facilities
of the NASDAQ on June 15, 2009 at a price of $1.81 per Common Share (based on
an exchange rate of 1 USD = 1.1341 CAD). The Common Shares were acquired for
investment purposes only. Mr. Genovese does not have any current intention of
acquiring ownership of, or control or direction over, any additional Common
Shares. Depending on market conditions and other relevant factors, Mr.
Genovese may, in the future, increase or decrease his beneficial ownership of,
or control or direction over, Common Shares through market transactions,
private agreements or otherwise.
An early warning report in respect of the above noted transaction will be
filed on SEDAR, a copy of which may be obtained at www.sedar.com once filed.
For further information:
For further information: Geoffrey B. Genovese, 9 Boulevard D'Italie,
Monte Carlo, Monaco, 98000, Tel: (416) 593-1212