TORONTO, Sept. 22, 2016 /CNW/ - Michael Stein ("Stein") announced today that he has acquired ownership of 4,500,000 common shares ("Shares") in the capital of Cliffside Capital Ltd. ("Cliffside") pursuant to a share purchase agreement with a shareholder of Cliffside at a price of $0.10 per Share representing approximately 8.18% of the total Shares outstanding, for total consideration of $450,000. Prior to the above noted acquisition, Stein owned 11,562,600 Shares or approximately 21.02% of the total number of Shares outstanding. As a result of the foregoing, Stein now owns 16,062,600 Shares or approximately 29.20% of the total number of Shares outstanding.
The Shares are held for investment purposes and Stein may, depending on market and other conditions, increase or decrease its beneficial ownership or control of the Shares or other securities of Cliffside whether through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
SOURCE Michael Stein
For further information: or to obtain a copy of the early warning report filed under National Instrument 62-103, please contact: Michael Stein, (416) 861-5788