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ST ALBERT, AB, Nov. 3 /CNW/ --
ST ALBERT, AB, Nov. 3 /CNW/ - Further to disclosure requirements of
applicable securities laws, Greg Spicer, on behalf of Spicer Capital
Management Group Inc. ("Spicer Capital"), an entity he owns and controls, reports that on November 2nd, 2010,
in a private transaction, it purchased (the "Acquisition") 3,980,918 common shares of Roadking at a price of $0.065 per common
share.
Immediately after the transaction, Greg Spicer, the CEO, President and
Interim CFO of Roadking, has beneficial ownership and legal control of
1,828,171 common shares in the share capital of Roadking and Spicer
Capital beneficially owns or has legal control of 3,980,918 common
shares in the share capital of Roadking. As a result, immediately after
the transaction, Greg Spicer and Spicer Capital, in aggregate, have
beneficial ownership or legal control of 5,809,089 common shares or
approximately 12.39% of the total issued and outstanding common shares
in the share capital of Roadking, calculated on a fully diluted basis.
The common shares were purchased for investment purposes. Greg Spicer
and Spicer Capital continually review its investment alternatives and
may purchase additional securities of Roadking from time to time in
accordance with applicable securities laws.
This press release is issued pursuant to Multilateral Instrument 62-103
which also requires a report to be filed with regulatory authorities in
each of the jurisdictions containing additional information with
respect to the foregoing matters (the "Early Warning Report"). A copy
of the Early Warning Report will appear with Roadking's documents on
the SEDAR website, at www.sedar.com.
Spicer Capital Management Group Inc.
(signed) "Greg Spicer"
Greg Spicer, President
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release"
p align="justify"Mr. Greg Spicer, President, Spicer Capital Management Group Inc./p p align="justify"Telephone: (780) 458-4966br/ Facsimile: (780) 419-6765br/ e-mail: a href="mailto:gspicer@roadking.ca" cr="true"gspicer@roadking.ca/a/p