Hamilton Thorne (TSXV:HTL)
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BEVERLY, MA and TORONTO, Aug. 31, 2011 /CNW/ --
BEVERLY, MA and TORONTO, Aug. 31, 2011 /CNW/ - Daniel Thorne, a director
and insider of Hamilton Thorne Ltd. (TSXV: HTL) (the "Corporation"), announces that, on August 30, 2011, he acquired ownership or control
over 8,313,000 common shares (the "Shares") of the Corporation, being approximately 22.54% of the currently
issued and outstanding Shares. The 8,313,000 Shares were acquired in
connection with the closing of the first tranche of a non-brokered
private placement of Shares (the "Offering") at an offering price of Cdn.$0.20. Immediately following the
Offering, Mr. Thorne owns, directly or indirectly, 18,697,530 Shares or
approximately 50.69% of the issued and outstanding Shares, consisting
of 14,761,242 Shares held directly by Mr. Thorne and 3,936,288 Shares
held by Star Lake Bioventures LLC, a company controlled by Mr. Thorne.
Further information regarding the Offering may be found in the press
release issued by the Corporation on August 30, 2011, a copy of which
may be viewed on the Corporation's SEDAR profile at www.sedar.com.
Mr. Thorne acquired the Shares for investment purposes and may from time
to time acquire additional common shares either on the open market or
through private acquisitions or sell the Shares either on the open
market or through private dispositions. This news release is being
issued under the early warning provisions of Canadian provincial
securities legislation.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy for this release.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/31/c7691.html
p Hamilton Thorne Ltd., David Wolf - President, Telephone 978 921-2050 /p