Kerrigan Turner Announces his Participation in Prosys
September 09 2008 - 6:45AM
Marketwired
Kerrigan Turner announces that he acquired today in the scope of a
private placement, directly and indirectly through Adatif
International Ltd., the participation of 2,500,000 Common shares of
Prosys Tech Corporation (hereinafter, "Prosys") (TSX VENTURE: POZ)
at the price of $0.10 per shares and 2,500,000 warrants which
entitles the holder thereof to purchase one Common Share at an
exercise price of $0.12 for a period of twenty-four (24) months
from. On a diluted and non-diluted basis, this holding represents
respectively 7.02 % and 2.89 % of Prosys's Common shares issued and
outstanding after the closing of the private placement.
As of this day, following this acquisition of 2,500,000 Common
shares and 2,500,000 warrants, Kerrigan Turner holds directly and
indirectly, 10,829,646 Common shares of Prosys on a non-diluted
basis and 14,479,924 Common Shares on a diluted basis. On a diluted
and non-diluted basis, Kerrigan Turner therefore directly and
indirectly holds respectively 16.52 % and 12.52% of Prosys's Common
shares issued and outstanding after the closing of the private
placement.
Prosys's Common shares are listed on the TSX Venture Exchange
under the symbol POZ.
The Prosys securities held directly and indirectly by Kerrigan
Turner are held for investment purposes. Such investment will be
periodically reviewed and Kerrigan Turner's holding may be
increased or decreased in the future.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Prosys Tech Corporation Kerrigan Turner Director and
Chairman 514-255-3454 Kerrytk@aol.com
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