/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES/
TORONTO, Feb. 20, 2019 /CNW/ - Lions Investment Ltd. ("Lions") disposed of 1,000,000 common shares of EcoSynthetix Inc. (the "Company") (representing 1.72% of the issued and outstanding common shares) on February 14, 2019 by way of a private agreement at a purchase price of $1.82 per common share.
Immediately prior to the transaction, Lions, together with any joint actor, beneficially owned or exercised control or direction over, directly or indirectly, 12,559,484 common shares of the Company, representing approximately 21.59% of the issued and outstanding common shares of the Company. Immediately following the transaction, Lions, together with any joint actor, beneficially owned or exercised control or direction over, directly or indirectly, 11,559,484 common shares of the issuer, representing approximately 19.87% of the issued and outstanding common shares of the issuer.
The common shares of the Company are held for investment purposes. Lions and any joint actor may increase or decrease its investment, directly or indirectly, in securities of the issuer from time to time, depending on the trading price of the common shares, market conditions or any other relevant factors.
SOURCE Lions Investment Ltd.
A copy of the related early warning report may be found on the Company's profile at www.SEDAR.com or may be obtained from Andrew Needham, Director, Lions Investment Ltd. at 1.345.815.8547 or Elgin Court, Elgin Avenue, PO Box 448, George Town, Grand Cayman, KY1-1106, Cayman Islands.
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