Melton Holdingsacquired 1,080,497 common shares of Melcor(the "Common Shares") pursuant to the conversion of its $20,000,000principal amount 6.25% Convertible Unsecured Subordinated Debentures (the "Debentures") at a conversion price of $18.51per Common Share; and b. its affiliate, Cavell Holdings Inc.("Cavell"), acquired 108,049 Common Shares pursuant to the conversion of its $2,000,000principal amount Debentures at a conversion price of $18.51per Common Share; (the foregoing collectively referred to as the "Acquisition").
Upon completion of the Acquisition,
It should also be noted that, Mr.
This press release is issued pursuant to Multilateral Instrument 62-103 which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with
Melton Holdings Ltd. Timothy C. Melton, Director FOR FURTHER INFORMATION PLEASE CONTACT: Melton Holdings Ltd.c/o 10310 Jasper Avenue, Suite 900 Edmonton, AB, T5J 1Y8 Tel: (780) 945-2819 Source: Melton Holdings Ltd.