VANCOUVER, British Columbia,
May 28, 2015 /CNW Telbec/ - On
May 22, 2015, Lloyd I. Miller, III acquired ownership of a
total of 53,123 common shares (the "Common Shares") of MFC
Industrial Ltd. ("MFC") (NYSE-MIL). 18,000 common shares were
acquired through Lloyd I. Miller Trust A-4 ("Trust A-4"), a trust
in respect of which Miller has discretionary investment management
authority. 35,123 common shares were acquired through Milfam
I L.P. ("M1"), a limited partnership of which Miller is the
managing member of the general partner. On May 26, 2015 Mr. Miller acquired ownership of a
total of 36,077 common shares of MFC. 200 common shares were
acquired through Trust A-4. 35,877 common shares were
acquired through M1. The Common Shares purchased on
May 22, 2015 were acquired through
the facilities of the NYSE, OTC, NASDAQ and EDGX at an average
price of US$4.5926 per common share
or CDN$5.6434 per common share (based
on the Noon Bank of Canada
exchange rate), representing approximately 0.08% of the currently
issued and outstanding common shares of MFC. The Common Shares
purchased on May 26, 2015 were
acquired through the facilities of the NYSE and NASDAQ at an
average price of US$4.5559 per common
share or CDN$5.6629 per common share
(based on the Noon Bank of Canada
exchange rate), representing approximately 0.06% of the currently
issued and outstanding common shares of MFC.
As a result of the acquisition of the Common Shares, Mr. Miller,
through Trust A-4, M1 and a number of limited liability companies,
trusts, partnerships and other entities owns or has control or
direction over an aggregate of 6,349,586 common shares of MFC,
representing approximately 10.06% of the issued and outstanding
common shares of MFC.
The Common Shares were acquired for investment purposes only.
Depending on the evolution of MFC's business, financial
condition, the market for MFC securities, general economic
conditions and other factors, Mr. Miller and his joint actors
may acquire additional securities of MFC, or sell some or all of
the securities they hold, in the open market, by private agreement
or otherwise, subject to their availability at attractive prices,
market conditions and other relevant factors.
or a copy of the related early warning report required under
Canadian provincial securities legislation, a copy of which has
also been filed on www.sedar.com, please contact:
SOURCE LLOYD I. MILLER, III