Acquisition of Shares of Virgin Metals Inc.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- PRESS RELEASE pursuant to National Instrument 62-103 in compliance with applicable securities legislation in Ontario Ontario, city, United States Ontario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891. Virgin Metals Inc. (the "Company"), on behalf of Carl Di Placido Placido may refer to any of the following: People Placido is a traditional Spaniard clan name (see Clan Placido) and it is now a common given name and a less common surname. It is also a fairly common surname in Southern Italy. and Chris CHRIS Chemical Hazards Response Information System (US DoD) CHRIS California Historical Resources Information System CHRIS Computerized Human Resources Information System CHRIS Command Human Resources Intelligence System Berlet, wishes to announce the completion of the acquisition of an aggregate of 5,545,747 common shares (the "Common Shares") of the Company by Carl Di Placido and Chris Berlet from the estate of Patrick Cavanagh and certain other parties. As a result of the completion of the acquisitions, Carl Di Placido now owns 3,051,208 Common Shares, representing 12.7% of the issued and outstanding Common Shares, and Chris Berlet owns 2,494,539 Common Shares, representing 10.4% of the issued and outstanding Common Shares. Carl Di Placido and Chris Berlet each effected the transaction for investment purposes. The Common Shares are not currently listed on any exchange. Carl Di Placido or Chris Berlet may, depending on market and other conditions, each increase or decrease his respective beneficial ownership, control or direction over the Common Shares, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise. Carl Di Placido and Chris Berlet have each filed a separate report describing the above acquisitions with the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. , copies of which shall be sent promptly to anyone who requests them from the Company as noted below. The information herein has not been approved or disapproved by regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . |
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