Business News • MarketWire • Palos Management Inc. Acquires Warrants of IOU Financial Inc. |
Palos Management Inc. Acquires Warrants of IOU Financial Inc. |
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Palos Management Inc. Acquires Warrants of IOU Financial Inc.
MONTRÉAL, QUÉBEC--(Marketwire - Dec. 21, 2012) - This news release is disseminated pursuant to National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report") regarding the holdings of Palos Management Inc. ("Palos") of warrants ("Warrants") convertible into Class B Common Shares ("Shares") Shares in the capital of IOU Financial Inc. ("IOU"). Palos advises that it holds directly 215,467 warrants convertible into common shares of IOU, representing 0.57% of IOU's issued and outstanding voting shares on a partially diluted basis. The Warrants were acquired as commission for acting as an agent in a private placement of units of IOU.
View More : http://www.marketwire.com/mw/release.do?id=1740853&sourceType=3
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