Mark Thompson - Holdings in Concordia Healthcare Corp.

TORONTO, 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), Mark Thompson (the "Offeror") acquired ownership and control of 2,098,750 common shares of the Issuer ("Common Shares") and 300,000 stock options of the Issuer ("Options"). If the Offeror exercises the Options, the Offeror could hold 2,398,750 Common Shares of the Issuer, representing 13.12% of the 18,285,889 issued and outstanding Common Shares of the Issuer.

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 2,098,750 Common Shares were issued from treasury to the Offeror in consideration for 2,098,750 common shares of PrivateCo, in accordance with the Qualifying Transaction.

The 300,000 Options were issued to the Offeror upon exchange of the 300,000 options of PrivateCo, in accordance with the Qualifying Transaction.

The Common Shares and Options 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 or Options, 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 or exercise his Options.

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 Mark Thompson at 905 842 5150.

The address of the Offeror is:

277 Lakeshore Rd. East
Suite 302
Oakville, Ontario
L6J 1H9

SOURCE: Mark Thompson

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