Levine Investments Limited Partnership Acquires Common Shares of GWR Global
Water Resources Corp.
PHOENIX, Dec. 30 /CNW/ - Levine Investments Limited Partnership ("Levine"), announced today that it acquired control of 1,600,000 common shares of GWR Global Water Resources Corp. (the "Issuer"). The purchase was made pursuant to the Issuer's initial public offering by prospectus dated December 16, 2010 at $7.50 per common share.
Levine exercises control and direction over 1,600,000 common shares of the Issuer.
Levine has a securityholding percentage, calculated in accordance with National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of approximately 19.5%.
The common shares of the Issuer were acquired by Levine for investment purposes. Levine expects to review from time to time its investment in the Issuer and may, depending on the market and other conditions: (i) acquire securities or related financial instruments of the Issuer in the open market, in privately negotiated transactions or otherwise, and/or (ii) dispose of all or a portion of the securities or related financial instruments of the Issuer over which it now or hereafter exercises, or may be deemed to exercise, control or direction, or owns.
For further information:
The address of Levine is 1702 East Highland Avenue, Suite 310, Phoenix, Arizona, 85016, United States. Additional information is provided in the early warning report filed on www.sedar.com by Levine.
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