MONTRÉAL, Sept. 25, 2015 /CNW
Telbec/ - Lloyd I. Miller, III, the
managing member of Milfam II L.P. ("M2"), acquired on September 24, 2015, ownership of 126,000 common
shares (the "Common Shares") of LGX Oil + Gas Inc. ("LGX") (TSXV:
OIL). The Common Shares were acquired through the facilities of the
Toronto Stock Exchange a price of US$0.042 per common share or approximately
CDN$0.056 per common share (based on
the Noon Bank of Canada exchange
rate), such common shares representing approximately 0.14% of the
currently issued and outstanding common shares of LGX.
As a result of the acquisition of the Common Shares, Mr. Miller,
through M2 and a number of trusts, partnerships and other entities,
owns or has control or direction over an aggregate of 8,923,000
common shares of LGX, representing approximately 10.06% of the
issued and outstanding common shares.
The Common Shares were acquired for investment purposes
only. Depending on the evolution of LGX's business, financial
condition, the market for LGX securities, general economic
conditions and other factors, Mr. Miller and his joint actors may
acquire additional securities of LGX, 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.
For inquiries 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