IKO Enterprises Ltd. announces acquisition of common shares of Vicwest Inc.

TORONTO, May 27, 2014 /CNW/ - IKO Enterprises Ltd. ("IKO") announced that on May 27, 2014, it acquired beneficial ownership of 397,600 common shares ("Common Shares") of Vicwest Inc. ("Vicwest") representing 2.3% of the issued and outstanding Common Shares through the facilities of the Toronto Stock Exchange, at a price per share of $9.20.  Following the acquisition, IKO has beneficial ownership of 1,790,600 Common Shares representing 10.2% of the issued and outstanding Common Shares.  Mr. Saul Koschitzky has control and direction over the Common Shares beneficially owned by IKO.  Mr. Saul Koschitzky, ISH Capital Inc., Israel Koschitzky Family Charitable Foundation, Daat Charitable Foundation, Binah Charitable Foundation and Mr. Henry Koschitzky are joint actors of IKO in connection with the foregoing acquisition.  IKO, together with its joint actors, has ownership and control over 1,981,800 Common Shares representing 11.3% of the issued and outstanding Common Shares.

The Common Shares were acquired for investment purposes.  Depending on various factors, IKO may acquire additional Common Shares or dispose of Common Shares from time to time.

SOURCE: IKO Enterprises Ltd.

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