Englewood Management Group Ltd. Acquires Shares of Mezzotin Minerals Inc.
April 04 2014 - 3:05PM
Marketwired
Englewood Management Group Ltd. Acquires Shares of Mezzotin
Minerals Inc.
TORONTO, ONTARIO--(Marketwired - Apr 4, 2014) - Englewood
Management Group Ltd. ("Englewood"), a private company located at
2nd Floor, O'Neal Marketing Associates Building, Wickhams Cay II,
P.O. Box 3174, Road Town, Tortola, British Virgin Islands, has
acquired direct ownership of 25,000,000 common shares ("Common
Shares") and 15,000,000 Common Share purchase warrants ("Warrants")
of Mezzotin Minerals Inc. (TSX-VENTURE:MEZ) ("Mezzotin") from
Konstantine Resources Ltd. ("Konstantine") in a private sale
transaction (the "Purchase"). Both Englewood and Konstantine are
companies controlled by Mr. Paul Ekon, President and Chief
Executive Officer of Mezzotin. The Common Shares and Warrants
acquired pursuant to the Purchase were purchased for aggregate cash
consideration of $1.00.
After giving effect to the Purchase, Englewood directly holds
approximately 51.0% of the outstanding Common Shares. On a
partially diluted basis, Englewood would directly hold
approximately 62.5% of the then outstanding Common Shares. The
percentage of issued and outstanding Common Shares held by
Englewood on a diluted basis as set out above has been calculated
on a partially diluted basis, reflecting the exercise of the
Warrants held by Englewood which are exercisable to acquire an
equal number of Common Shares and no other increases in the issued
and outstanding Common Shares.
For purposes of calculating the percentage of Common Shares
owned by Englewood, Englewood has assumed that there were
48,979,100 Common Shares outstanding, based on public filings of
Mezzotin.
Englewood acquired the Common Shares for investment purposes.
Either Englewood or any joint actors may from time to time acquire
ownership of, or control over, additional securities of Mezzotin,
dispose of some or all of the existing or additional securities of
Mezzotin that either Englewood or any joint actors owns or
controls, or may continue to own or continue to own or control the
current position.
For more information or to obtain a copy of the early warning
report that has been filed on SEDAR in connection with the
acquisition, please contact Paul Ekon.
Englewood Management Group Ltd.Paul EkonManager+44 7778
778888
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