TORONTO, June 13, 2014 /CNW/ - Smoothwater Capital Corporation (Smoothwater Capital) announced today that Smoothwater Capital Partners LP I (Smoothwater LP), a partnership controlled by Smoothwater Capital, has acquired an additional 256,100 shares of Equity Financial Holdings Inc. (Equity) (EQI:TSX), representing approximately 2.74% of the issued and outstanding shares of Equity. Following such acquisitions, Smoothwater LP now holds an aggregate of 1,561,000 shares, or 16.70% of the outstanding shares of Equity.
Smoothwater LP acquired the additional 256,100 shares through the open market between May 20, 2013 and June 13, 2014 for investment purposes and is the largest shareholder of Equity based on a review of public filings.
Smoothwater LP and its affiliates may acquire additional shares of Equity through open market purchases, private agreements or otherwise.
This news release is issued pursuant to the early warning requirements of applicable Canadian securities laws. Smoothwater LP will file early warning reports in accordance with applicable securities laws, copies of which will be available on SEDAR at www.sedar.com or upon request to Smoothwater LP.
Smoothwater Capital Corporation focuses on investing in small to midcap Canadian public companies where there is an identifiable path to significantly improve shareholder value. Smoothwater works to effect change in targeted companies, often collaboratively with institutional and other like-minded investors who hold material positions but are not able to take on the time consuming and costly activist role.
SOURCE: Smoothwater Capital Corporation
For further information: or to obtain a copy of the related early warning report, please contact: Smoothwater Capital Partners LP I, c/o Smoothwater Capital Corporation, Suite 2500, 120 Adelaide Street West, Toronto, Ontario, M5H 1T1, Attention: Stephen J. Griggs, Chief Executive Officer, Telephone: 416.644.6582, Email: [email protected]