MONTREAL, April 17, 2015 /CNW Telbec/ - Mazen Haddad, Chairman of the Board of Directors, President and Chief Executive Officer of Knowlton Capital Inc. (TSXV: KWC.H), announces that he has acquired an additional 1,400,000 common shares of Knowlton Capital, representing 3.01% of the issued and outstanding common shares of Knowlton Capital, at a price of $0.05 per share following the exercise of 1,400,000 common share purchase warrants (the "Warrants"), for total proceeds of $70,000.
Immediately following the exercise of the Warrants, Mazen Haddad directly and indirectly owns the following Knowlton Capital securities: (i) 9,756,495 common shares, representing approximately 20.95% of the issued and outstanding common shares of Knowlton Capital, and (ii) stock options in respect of 1,558,775 common shares. Assuming the exercise of all stock options held by Mr. Haddad, he would own 11,315,270 common shares, representing 23.51% of the Knowlton Capital common shares that would then be issued and outstanding.
Mr. Haddad acquired the Knowlton Capital common shares for investment purposes, and in accordance with applicable securities laws, Mr. Haddad may, from time to time and at any time, acquire additional common shares of Knowlton Capital and/or other equity, debt or other securities or instruments of Knowlton Capital in the open market or otherwise, and he reserves the right to dispose of any or all of his Knowlton Capital securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of Knowlton Capital and other relevant factors. Mr. Haddad is resident in Monte Carlo, Monaco.
SOURCE Knowlton Capital
For further information: Mazen Haddad, c/o Fasken Martineau DuMoulin LLP, 800 Square Victoria, Suite 3700, Montreal, Québec, H4Z 1E9, Tel.: (514) 397-7483