TORONTO, Aug. 20, 2015 /CNW/ - Mr. Jeffrey C. Royer, Chairman of Baylin Technologies Inc. (Baylin), has acquired 566,400 common shares of Baylin representing approximately 3.02% of the total issued and outstanding shares of the Baylin. There are 18,799,424 issued and outstanding common shares of Baylin. While beneficial ownership of these common shares rests with an associate of Mr. Royer, Mr. Royer exercises control and direction over them.
As a result of this acquisition and together with previously held common shares, Mr. Jeffrey C. Royer now has control and direction over 11,355,091 common shares representing approximately 60.41% of the total issued and outstanding common shares of Baylin.
The common shares were acquired for investment purposes and Mr. Royer may increase or decrease its ownership depending on market or other conditions.
This news release is being disseminated pursuant to National Instrument 62-103 – The Early Warning System and Related Take Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will be available on SEDAR at www.sedar.com.
SOURCE Mr. Jeffrey C. Royer
For further information: A copy of the Early Warning Report will be available on SEDAR at www.sedar.com.