/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/
TORONTO, March 28, 2014 /CNW/ - Venator Capital Management Ltd. announced that on March 24, 2014 and on March 27, 2014, one or more investment funds managed by Venator Capital Management Ltd. (the "Venator Funds") purchased a total 150,000 Class A shares (the "Class A Shares") of Wanted Technologies Corporation (TSXV: WAN) (the "Company") through the facilities of the TSX Venture Exchange.
As a result of the purchase, the Venator Funds collectively own or control, directly or indirectly, an aggregate of 2,525,000 Class A Shares representing approximately 10.45% of the Company's issued and outstanding Class A Shares.
The Class A Shares were acquired by the Venator Funds for investment purposes. The Venator Funds may in the future increase or decrease their ownership of securities of the Company from time to time depending upon the business and prospects of the Company and future market conditions.
Venator Capital Management Ltd. specifically disclaims any beneficial ownership of the reported Class A Shares, but as portfolio manager it maintains exclusive power to exercise investment control or direction over such Class A Shares for the Venator Funds as the beneficial owners.
SOURCE: Venator Capital Management Ltd.
For further information: Stephen Andersons, President, Telephone Number: 416-607-6032 or via email at [email protected]