MONTRÉAL, Dec. 9, 2014 /CNW Telbec/ - Lloyd I. Miller, III, as an individual, acquired on December 8, 2014, ownership of 153,500 common shares (the "Common Shares") of LGX Oil + Gas Inc. ("LGX") (TSXV:OIL). The Common Shares were acquired through the facilities of the Toronto Stock Exchange at a price of US$0.11 per common share or CDN$0.13 per common share (based on the Noon Bank of Canada exchange rate), such common shares representing approximately 0.17% of the currently issued and outstanding common shares of LGX.
As a result of the acquisition of the Common Shares, Mr. Miller, individually and through a number of trusts, partnerships and individually, owns or has control or direction over an aggregate of 8,990,500 common shares of LGX, representing approximately 10.14% of the issued and outstanding common shares.
The Common Shares were acquired for investment purposes only. Depending on the evolution of LGX's business, financial condition, the market for LGX securities, general economic conditions and other factors, Mr. Miller and his joint actors may acquire additional securities of LGX, or sell some or all of the securities they hold, in the open market, by private agreement or otherwise, subject to their availability at attractive prices, market conditions and other relevant factors.
For inquiries or a copy of the related early warning report required under Canadian provincial securities legislation, a copy of which has also been filed on www.sedar.com, please contact:
SOURCE: LLOYD I. MILLER, III
For further information: Lloyd I. Miller, III, 3300 S. Dixie Highway, Suite 1-365, West Palm Beach, Florida, USA 33405, Telephone: (561) 287-5399; Eric Fangmann, 3300 S. Dixie Highway, Suite 1-365, West Palm Beach, Florida, USA 33405, Telephone: (561) 287-5399