TORONTO, Jan. 4, 2012 /CNW/ - Royal Capital Management Corp. ("RoyCap") announced that it has acquired 4,044,113 common shares of Imvescor Restaurant Group Inc. ("Imvescor") at a price of $0.44 per Common Share (the "Subscription Price") in connection with Imvescor's previously announced rights offering (October 21, 2011). Following the closing of Imvescor's rights offering, RoyCap holds 4,309,113 Common Shares which represents approximately 10.26% of the outstanding Common Shares.
The purchase of the Imvescor shares by RoyCap was made for investment purposes. RoyCap paid consideration of $0.44 per Imvescor share. RoyCap may, from time to time, acquire additional shares of Imvescor, dispose of some or all of the existing or additional shares of Imvescor, or continue to hold the shares of Imvescor in the normal course of RoyCap's investment activities.
Royal Capital Management Corp. is a private Canadian corporation, which actively invests in Canadian Securities.
For further information:
Stephen Rider at (416)226-9921 or at [email protected]