ULM, Germany, June 4, 2012 /CNW Telbec/ - Zwick Roell AG ("ZRAG"), the holding company of Zwick Roell Group which is one of the world's leading providers of static and dynamic materials testing systems, announces the purchase by way of a private placement of 5,800,000 class A common shares ("Common Shares") of Clemex Technologies Inc. ("Clemex"), a Quebec based company that develops, manufactures and markets image analysis systems and software used by quality control and research microscopy laboratories, at a subscription price of $0.18 per Common Share. The total purchase price was approximately $1,044,000 and the private placement was successfully completed June 4, 2012.
Upon completion of the private placement, ZRAG held 5,800,000 Common Shares resulting in ownership of approximately 19.46% of the issued and outstanding Common Shares of Clemex.
The Common Shares were acquired for investment purposes and ZRAG may acquire further Common Shares or dispose of its holdings of Common Shares as investment conditions warrant. The Common Shares were acquired pursuant to section 2.10 of National Instrument 45-106 Prospectus and Registration Exemptions.
For further information:
ZRAG has its head office at August-Nagel-Strasse 11, 89079 Ulm, Germany. For further information, including a copy of the early warning report, please contact Michaela Bergmann at +49 7305 10396.