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Lion One investor Berukoff acquires 475,000 more shares
2013-12-20 02:43 ET - News Release
Mr. Hamish Greig reports
MR. WALTER H. BERUKOFF ANNOUNCES EARLY WARNING REPORT FILING REGARDING SHAREHOLDINGS IN LION ONE METALS
Further to disclosure requirements of applicable securities laws, Walter H. Berukoff of 311 West 1st St., North Vancouver, B.C., has acquired directly and indirectly, through controlled affiliates, beneficial ownership of an additional 475,000 shares of Lion One Metals Ltd. for investment purposes.
The shares acquired by Mr. Berukoff throughout 2013 include the acquisition of 150,000 shares in February, 2013, at a price of 50 cents pursuant to the exercise of stock options, 215,000 shares acquired between July and December, 2013, through the facilities of the TSX Venture Exchange at an average price of 30 cents, and 110,000 shares acquired privately in December, 2013. Prior to the acquisition of these shares, Mr. Berukoff held directly and indirectly 18,772,771 shares of the company, which when reported on Jan. 31, 2011, represented 48.24 per cent of the company's issued and outstanding shares at that time. Following these transactions, Mr. Berukoff now owns directly, or has control or direction over, 19,246,771 common shares of the company representing 31.98 per cent of the company's current 60,175,608 issued and outstanding common shares.
This press release is being disseminated as required by National Instrument 62-103 (the early warning system and related takeover bids and insider reporting issues) in connection with the filing of an early warning report. A copy of the early warning report may be found on SEDAR under the company's profile.
© 2013 Canjex Publishi
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