Early Warning Report - Richard Groome acquires securities in Sofame
Technologies Inc.
MONTREAL, Oct. 27 /CNW Telbec/ - In accordance with regulatory requirements, Richard Groome announces that Sofame Technologies Inc. ("Sofame"), a Toronto Venture Exchange company (symbol: SDW) has recently issued 8,000,000 common shares of Sofame through conversion of debentures held directly or indirectly. Accompanied with the common shares mentioned above are 8,000,000 common share purchase warrants exercisable at $0.10 into an equivalent number of common shares of Sofame and will expire October 25, 2012. As part of a debt settlement package, Notre-Dame Capital, a company controlled by Mr. Groome was issued 821,160 common shares of Sofame and 821,160 common share purchase warrants exercisable into an equivalent number of common shares of Sofame which will expire October 25, 2012.
Prior to the share issuance by Sofame giving rise to this press release, Mr. Groome had a direct or indirect interest (including securities over which he exercises control or direction) of 1.49% in Sofame's then issued and outstanding capital. Further to the issue by Sofame of these common shares and common share purchase warrants and assuming full exercise of all warrants, the direct or indirect interest (including securities over which he exercises control or direction), for Mr. Groome in Sofame's issued and outstanding capital as of October 27, 2010 has increased to 13.85%.
The securities acquired by Mr. Groome referred to above are held for investment purposes only. These investments will be reviewed on a continuing basis and holdings may be increased or decreased in the future, depending on economic or market conditions or matters relating to the applicable issuer.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release nor has it approved nor disapproved the content thereof.
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For further information:
or to obtain a copy of the early warning report, communicate with:
Notre-Dame Capital Inc.
Attn: Ms. Sarah Perry
Tel : 514-907-4989
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