Stuart D. Ross Announces Early Warning Press Release
This news release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
NELSON, BC, Oct. 12, 2012 /CNW/ - Stuart D. Ross announced today that he has acquired ownership of 10,500 common shares ("Common Shares") of Pacific Insight Electronics Corp., (the "Company"), through the facilities of the Toronto Stock Exchange at a price of $1.80 per share, for total consideration of $18,895. The additional common shares acquired represent 0.18% of the currently outstanding common shares of the Company. When added to the securities of the Company already owned by Mr. Ross, Mr. Ross at present owns 896,901 common shares of the Company, together with stock options exercisable into 75,000 common shares of the Company, for a total number of common shares under deemed ownership or control of 971,901 or 16.2% of the outstanding common shares of the Company, assuming the exercise of Mr. Ross's stock options in full and assuming no other shares of the Company are issued.
The Common Shares were acquired by Ross for investment purposes. Ross intends to evaluate these holdings and to increase or decrease his investment in PI as circumstances warrant.
A report containing additional information with respect to the foregoing matters will be filed with the Securities Commission in each jurisdiction where PI is a reporting issuer and will be available for viewing through the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. A copy of the report may also be obtained by contacting Mr. Ross at the address below.
Stuart D. Ross
1155 Insight Drive
Nelson, British Columbia
V1L 5P5
Telephone: 250-354-1155
SOURCE: STUART D. ROSS
Stuart D. Ross
1155 Insight Drive
Nelson, British Columbia
V1L 5P5
Telephone: 250-354-1155
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