Kevin Taylor - Holdings in Concordia Healthcare Corp.

WANCHAI, Hong Kong, Dec. 23, 2013 /CNW/ - On December 20, 2013, through a three-cornered amalgamation (the "Amalgamation") involving Concordia Healthcare Corp. (formerly Mercari Acquisition Corp.) (the "Issuer"), Concordia Healthcare Inc. ("PrivateCo") and Mercari Subco Inc. (a wholly-owned subsidiary of the Issuer), Kevin Taylor (the "Offeror") acquired indirect ownership and control of 3,072,500 common shares of the Issuer ("Common Shares"), through Terei International Limited ("Terei"), representing 17.08% of the 17,985,889 issued and outstanding Common Shares of the Issuer.  The Offeror is the sole shareholder and director of Terei.

The Amalgamation formed part of the qualifying transaction of the Issuer under Policy 2.4 of the TSX Venture Exchange Corporate Finance Manual, all as set out in the filing statement of the Issuer dated December 13, 2013 and filed on SEDAR on December 13, 2013.

The 3,072,500 Common Shares were issued from treasury to the Offeror in consideration for 3,072,500 common shares of PrivateCo, in accordance with the Amalgamation.

The Common Shares are held by the Offeror for investment purposes.  Depending on market and other conditions, the Offeror may, directly or indirectly, acquire ownership or control over additional Common Shares, through market transactions, private agreements or otherwise, in accordance with applicable securities legislation.  Depending on market and other conditions (and subject to any lock-up agreements), the Offeror may sell any of his Common Shares.

The address of the Offeror is:

Premises 1901, CC WU Building
302-308 Hennessy Road
Wanchai, Hong Kong

SOURCE: Kevin Taylor

A copy of the early warning report to be filed by the Offeror in connection with the transactions referred to in this press release may be obtained from Kevin Taylor at [phone]