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| Home : Michel Lemay Announces Holdings in Stelmine Canada Ltd. |
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Jan 26
2012 |
Michel Lemay Announces Holdings in Stelmine Canada Ltd. |
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MONTRÉAL, QUÉBEC--(Marketwire - Jan. 26, 2012) - In furtherance to the news release disseminated by Services Miniers Lemco Inc. on January 11, 2012, Mr. Michel Lemay. (the "Offeror"), announces, pursuant to Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("Regulation 62-103") that it acquired through a wholly-owned private corporation, Services Miniers Lemco Inc. ownership of 15 Series B Units (each a "Series B Unit") of Stelmine Canada Ltd. ("Stelmine") at an aggregate purchase price of $15,000, such Series B Units representing in the aggregate, 300,000 common shares at a price of $0.05 per share (representing 1.07% of Stelmine's issued and outstanding common shares) as well as 300,000 common share purchase warrants (each a "Warrant") entitling the holder thereof to acquire one additional common share at a price of $0.10 per share for a period of twelve months. |
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| Source:http://www.marketwire.com/mw/release.do?id=1611521&sourceType=3 |
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