TORONTO, Aug. 16, 2017 /CNW/ - Royal Capital Management Corp. (the "Corporation") announced today that it disposed of an aggregate of 1,850,000 common shares ("Common Shares") in the capital of Ikkuma Resources Corp. (the "Issuer") on August 16, 2017 at a price of CDN$0.75 per Common Share, for aggregate consideration of CDN$1,387,500.
Before this disposition, the Corporation beneficially owned 11,157,900 Common Shares representing a security holding percentage of approximately 11.84% of the outstanding Common Shares of the Issuer. After giving effect to the disposition transaction noted above, the Corporation's security holding percentage has fallen below 10% of the outstanding Common Shares, based upon the most recently available public information regarding the total issued and outstanding Common Shares of the Issuer.
The Corporation disposed of the Common Shares for investment purposes and may increase or decrease its interests in the Issuer in the future as considered appropriate in light of market conditions and other factors.
An Early Warning Report respecting the transaction will be filed on the System for Electronic Document Analysis and Review ("SEDAR") under the Issuer's profile and can be viewed at www.sedar.com.
SOURCE Royal Capital Management Corp.
For further information: Mark Shoom, Royal Capital Management Corp., 416-226-9922, [email protected]