TORONTO, Sept. 17, 2013 /CNW/ - MFL Management Limited ("MFL") hereby announces that as of September 17, 2013 it has begun acting jointly or in concert with certain other holders (collectively, the "Joint Actor Group") of equity shares of MBN Corporation (the "Equity Shares") in respect of purchases of Equity Shares. The Joint Actor Group is comprised of MFL, the Brasseur Family Trust (which is the majority interest shareholder of MFL) and certain directors and/or senior officers of companies within the Middlefield Group.
The Corporation currently owns or controls 542,273 Equity Shares, which represents approximately 11.9% of the Equity Shares currently outstanding. The Joint Actor Group (including MFL) currently owns or controls in the aggregate 772,780 Equity Shares, which represents approximately 17.0% of the Equity Shares currently outstanding.
The Joint Actor Group was formed for the purpose of acquiring Equity Shares for investment purposes, and members of the Joint Actor Group may from time to time acquire additional Equity Shares for such purposes.
This press release may contain forward-looking information, including with respect to future acquisitions of Equity Shares. The forward-looking information contained in this press release constitutes current expectations, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents an estimate as of any date other than the date of this press release.
SOURCE: MFL Management Limited
For further information:
A copy of the early warning report regarding the formation of the Joint Actor Group can be found at www.sedar.com or can be obtained by contacting MFL at the address specified below:
MFL Management Limited
Attention: Mr. Dean Orrico
First Canadian Place
58th Floor, P.O. Box 192