ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

DES

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:DES TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Doug Robinson Announces Acquisition of Additional Common Shares of Desmarais Energy Corporation

10/02/2012 5:35pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. 


Further to disclosure requirements of applicable securities laws, Doug Robinson
both personally and through companies owned and controlled by him (being 323
Holdings Ltd and Nuteck Resources Ltd.), announces that he has acquired an
aggregate of 8,765,475 common shares ("Common Shares") of Desmarais Energy
Corporation (the "Issuer") in settlement of certain debts owed by the Issuer to
Mr. Robinson (including 323 Holdings Ltd and Nuteck Resources Ltd.) pursuant to
the Issuer's previously announced proposal under the Bankruptcy and Insolvency
Act (Canada) ("BIA"). 


As a result of the acquisition of Common Shares referred to above, Doug Robinson
now beneficially owns or controls 10,447,475 Common Shares and options to
purchase of a further 100,000 Common Shares. The 10,447,475 Common Shares
represent approximately 18% of the currently issued and outstanding Common
Shares of the Issuer. If Mr. Robinson's options to purchase Common Shares are
exercised in full, the additional 100,000 Common Shares issued, together with
Mr. Robinson's direct, indirect or direction and control holdings of 10,347,475
Common Shares, would total 10,447,475 Common Shares, representing approximately
18.1% of the outstanding Common Shares of the Issuer (assuming no other Common
Shares, other than the Common Shares issuable on exercise of the options held by
Mr. Robinson had been issued from the date hereof). 


Mr. Robinson acquired the Common Shares referred to herein for investment
purposes. Mr. Robinson may in the future take such actions in respect of his
holdings as he may deem appropriate in light of the circumstances then existing,
including the purchase of additional Common Shares or other securities of the
Issuer through open market purchases or privately negotiated transactions, or
the sale of all or a portion of his holdings in the open market or in privately
negotiated transactions to one or more purchasers. 


A copy of Mr. Robinson's related early warning report has been filed with the
applicable securities commissions.


1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart

Your Recent History

Delayed Upgrade Clock