Acquisition of Shares of The Futura Loyalty Group Inc. for Investment Purposes
12 September 2011 - 1:09PM
PR Newswire (Canada)
TORONTO, Sept. 15, 2011 /CNW/ - Following the departure of Jay
Noronha from DWM Securities Inc., Doug Stone (the "Offeror"), a
Registered Portfolio Manager with DWM Securities Inc. who has been
appointed interim servicing advisor for Jay Noronha's former
discretionary client accounts, acquired control or direction over
13,050,000 common shares (the "Common Shares") of The Futura
Loyalty Group Inc. (the "Company"), representing approximately
7.08% of the total outstanding Common Shares, and 4,100,000
warrants (the "Warrants") that, if exercised, together represent
approximately 9.07% of the total outstanding Common Shares. In
aggregate, the Offeror owns or exercises control or direction over
a total of 22,004,714 Common Shares representing approximately
11.89% of the total outstanding Common Shares and 6,644,000
Warrants that, if exercised, together represent approximately
14.96% of the total outstanding Common Shares. Of the Warrants,
6,500,000 Warrants are exercisable at a price of $0.05 per Common
Share and expire on April 8, 2012, and 144,000 Warrants are
exercisable at a price of $0.10 per Common Share and expire on
April 8, 2015. Each Warrant is exercisable for one Common
Share. The Futura Loyalty Group Inc. CONTACT: Moira Simo, VP
Compliance at 416-350-5049.
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