NORTH CHARLESTON, SC, Nov. 20, 2014 /CNW/ - The Article 6 Marital Trust created under the First Amended and Restated Jerry Zucker Revocable Trust dated 4-2-07 (the "Trust") announced today that it has purchased 2,000,000 common shares of Supremex Inc. ("Supremex") (TSX: SXP) by way of a private sale pursuant to a purchase agreement. The purchase price was Cdn$2.70 per share, paid in cash. Anita G. Zucker is the trustee of the Trust.
The 2,000,000 common shares purchased by the Trust represent approximately 6.94% of the issued and outstanding common shares of Supremex.
Prior to the transaction, the Trust owned 3,488,985 common shares, or approximately 12.11% of the issued and outstanding common shares of Supremex. As a result of the transaction, the Trust owns 5,488,985 common shares, or approximately 19.05% of the issued and outstanding common shares of Supremex.
In purchasing the shares, the Trust relied on the exemption under Section 2.8 of National Instrument 45-102 – Resale of Securities, pursuant to which the vendor had filed a Form 45-102F1, providing notice that it intended to sell shares of Supremex.
The common shares of Supremex were acquired for investment purposes. The Trust may acquire additional shares Supremex, subject to price and availability.
SOURCE: The Article 6 Marital Trust
For further information: Robert Johnston, 4838 Jenkins Avenue, North Charleston, South Carolina, 29405, (843) 744-5174