Geosime Capital Inc. announces investment in TerraVest Capital Inc.
20 Jun, 2013, 17:29 ET
TORONTO, June 20, 2013 /CNW/ - Geosime Capital Inc. ("Geosime") acquired 1,983,200 shares of TerraVest Capital Inc. ("TerraVest"), representing approximately 15.89% of the total outstanding shares of TerraVest. Consideration paid by Geosime was $4.00 per TerraVest share. Immediately after the transaction, Geosime owns 1,983,200 shares of TerraVest, representing approximately 15.89% of the total outstanding shares of TerraVest. On an aggregate basis, Geosime and Clarke Inc. ("Clarke"), with which Geosime is presumed to be acting jointly or in concert, own 6,004,208 shares, representing approximately 48.10% of the total outstanding shares of TerraVest.
The shares were acquired for investment purposes. Geosime may from time to time acquire additional shares of TerraVest, dispose of some or all of the existing or additional shares of TerraVest, or continue to hold the shares of TerraVest in the normal course of its investment activities. Geosime is presumed to be acting jointly or in concert with Clarke. The filing of this press release does not constitute an admission by either party that they are acting jointly or in concert with respect to securities of TerraVest.
SOURCE: Geosime Capital Inc.
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