Dalmac Energy Inc. TSX Venture: "DAL"
EDMONTON, Feb. 26, 2016 /CNW/ - John Babic, President and CEO of Dalmac Energy
Inc. (the "Company") (TSX Venture "DAL") wishes to
announce that on February 5, 2016,
Mr. John Babic the President and
Chief Executive Officer of Dalmac ("Mr. Babic"), announces
the acquisition of an additional 110,000 Common Shares of the
Company (the "Common Shares") in the public market through
the facilities of the TSX Venture Exchange, at a price of
$0.085 per Common Share. As a result
of the acquisition, Mr. Babic now has ownership and control over an
aggregate of 6,819,667 Common Shares and 450,000 options to acquire
Common Shares ("Options"), representing approximately 29.27%
(basic) of the issued and outstanding Common Shares and 29.52%
(fully diluted) of the issued and outstanding Common Shares,
including Options held by Mr. Babic.
The Common Shares acquired by Mr. Babic, were purchased to
increase Mr. Babic's shareholdings for investment purposes.
Mr. Babic may, depending on market and other conditions, increase
or decrease his beneficial ownership of or control or direction
over the securities of the Company in the open market, subject to a
number of factors, including general market conditions and other
available investment and business opportunities.
This news release is being issued pursuant to Part 3 of National
Instrument 62-103 The Early Warning System and Related Take-Over
Bid and Insider Reporting Issues of the Canadian Securities
Administrators. A copy of the report filed by Mr. Babic in
connection with the acquisition of the Common Shares is available
on the Company's SEDAR profile (the "Early Warning Report"),
and it can also be obtained directly from John Babic by contacting the Company at the
number shown below. Mr. Babic is relying on the exemption set
forth in Section 4.1 of Multilateral Instrument 62-104 –
Take-over Bids and Issuer Bids of the Canadian Securities
Administrators, as described further in the Early Warning
Report.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Dalmac Energy Inc.