TORONTO, July 17, 2014 /CNW/ - JDM Investments Holdings Inc. ("JDM") announced today that it has acquired 10,000,000 common shares of Carmanah Technologies Corporation (the "Corporation") through a private placement at a price of $0.25 per share. As a result of the acquisition, JDM holds 23,178,000 common shares of the Corporation, representing approximately 13.6% of the outstanding common shares of the Corporation.
The common shares of the Corporation were acquired by JDM for investment purposes. JDM may from time to time, depending on market and other conditions, increase or decrease such holdings of common shares or other securities of the Corporation.
JDM is wholly owned and controlled by James D. Meekison. The address of JDM is 2 Bloor Street West, Suite 3400, Toronto, Ontario.
Additional details regarding the acquisition will be contained in an early warning report filed by JDM pursuant to Canadian securities laws under the Corporation's profile at www.sedar.com.
SOURCE: JDM Investments Holdings Inc.
For further information: Brian Gibbings, Tel: (416) 884-6248