Philip Garrett Clayton and Tyrrell Garth Announce Closing of Previously Announced Acquisition of Additional Securities of Starrex International Ltd.
TORONTO, May 01, 2018 (GLOBE NEWSWIRE) -- Philip Garrett Clayton and Tyrrell L. Garth (collectively, the “Acquirors”) announce the completion on April 30, 2018 of the previously announced acquisition (see joint news release dated March 26, 2018) from five shareholders of Starrex International Ltd. (the “Issuer”) of an aggregate of 2,799,533 common shares of the Issuer (the “Common Shares”) at a price of US$0.52 (equivalent to Cdn $0.68) per Common Share (the “Transaction”).
The Transaction was exempt from the formal bid requirements pursuant to the provisions of section 4.2 - Private agreement exemption of National Instrument 62-104 – Take-Over Bids and Issuer Bids.
For more information and to obtain a copy of each of the early warning reports required by securities legislation and filed on SEDAR under the Issuer’s profile at www.sedar.com, please contact:
| Philip Garrett Clayton 9999 Bellaire Boulevard, Suite 725 Houston, Texas, United States 77036 Telephone: (713) 425-3065 |
Tyrrell L. Garth 7350 Phelan Boulevard Beaumont, Texas, United States 77706 Telephone: (409) 866-5444 |
