TORONTO, Jan. 29, 2014 /CNW/ - Lorito Holdings S.á.r.l. ("Lorito") and Zebra Holdings & Investments S.á.r.l. ("Zebra"), two companies controlled by a trust settled by the late Adolf H. Lundin, announced today that each had acquired ownership of 14,100,786 common shares and 14,100,785 common shares respectively of Etrion Corporation (TSX:ETX) (OMX:ETX) ("Etrion") in consideration of approximately Cdn$0.70 per common share by way of private placement. As a result of these acquisitions, Lorito and Zebra hold 42,200,620 common shares and 34,642,218 common shares respectively of Etrion representing 12.6% and 10.4% respectively of the issued capital of Etrion.
Etrion and Zebra are joint actors with respect to their holdings in Etrion and have acquired the shares for investment purposes. Each of Lorito and Zebra may from time to time increase or decrease their investment in Etrion depending upon the business and prospects of Etrion and depending upon future market conditions.
SOURCE Lorito Holdings S.A.R.L.