CALGARY,
Oct. 24, 2012 /CNW/ -Inventronics
Limited ("Inventronics" or the "Corporation") (IVX:TSX Venture), a
designer and manufacturer of custom enclosures for the
telecommunications, electric transmission, cable television and
other industries in North America,
today announced the filing of an early warning report by 1437891
Alberta Ltd, the Corporation's controlling shareholder.
On October 24,
2012, each of the four members of Inventronics senior
management team ("Management Group") were granted 100,000 options,
or in aggregate 400,000 options, for the common shares of
Inventronics with an exercise price of $0.10. The Management Group are the sole
shareholders of 1437891 Alberta Limited which holds a controlling
interest in Inventronics amounting to approximately 68.6% of the
issued and outstanding common shares of Inventronics.
Assuming all the options were vested, the common
shares of Inventronics issuable upon exercise of the options would
represent 8.3% of the then outstanding common shares of
Inventronics. Assuming all of the options identified above
were vested and were exercised, 1437891 Alberta Limited, together
with the Management Group, would beneficially own or control,
directly or indirectly, 3,475,000 common shares of Inventronics,
representing approximately 72.3% of the total issued and
outstanding common shares of Inventronics.
The options for common shares of Inventronics
were granted in respect of the Management Group's service and
continuing commitment to Inventronics. 1437891 Alberta
Limited, or members of the Management Group, may acquire, directly
or indirectly, additional securities of Inventronics from time to
time depending on market conditions.
Inventronics relied on Section 2.24 of National
Instrument 45-106 - Prospectus and Registration Exemptions
for the grant of options to the members of the Management Group as
each member of the Management Group is a director, officer and/or
employee of Inventronics.
About Inventronics
Inventronics Limited designs and manufactures
custom enclosures and other products for an array of customers in
the telecommunications, electric utility, cable television,
electronics and computer services industries in North America. The Corporation owns its ISO
9001-registered production facility in Brandon, Manitoba.
Shares of Inventronics trade on the TSX Venture
Exchange under the symbol "IVX." For more information about the
Corporation, its products and its services, go to
www.inventronics.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Inventronics Limited