/FOR DISSEMINATION IN CANADA AND OVER CANADIAN NEWS SERVICES ONLY. THE DISSEMINATION OF THIS RELEASE IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICE MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./
TORONTO, Oct. 4, 2018 /CNW/ - Mr. Leon Cooperman announced today that he has acquired 7,218,382 common shares at a price of US$ 0.7585 per share (the "Common Shares") in the capital of Postmedia Network Canada Corp. (the "Issuer"). Prior to this acquisition, Mr. Cooperman owned 5,865,500 Common Shares of the Issuer, representing approximately 6.26% of the total outstanding Common Shares in the capital of the Issuer. Post this acquisition, Mr. Cooperman owns 13,083,882 Common Shares of the Issuer, representing approximately 13.96% of the total outstanding Common Shares in the capital of the Issuer. Mr. Cooperman has acquired the Common Shares for investment purposes, and may acquire further Common Shares or dispose of his holdings of the Common Shares, as investment conditions warrant. The Issuer is listed on the TSX under the symbol "PNC".
This news release has been disseminated in accordance with the early warning requirements of Canadian provincial securities laws.
SOURCE Leon Cooperman
For further information: please contact Mr. Leon Cooperman at St. Andrew's Country Club, 7118 Melrose Castle Lane, Boca Raton, FL 33496, 561-883-0600, [email protected] The Issuer's head office is located at Legal Department, 365 Bloor Street East, 12th Floor, Toronto, Ontario M4W 3L4.