TORONTO, July 8, 2015 /CNW/ - Park Lawn Company Limited ("PLCL") (CSE: PRL). This press release is being disseminated as required by National Instrument 62-103 – The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report") regarding the acquisition of securities of the Company.
Frank Mills, President of PLCL, has acquired control of 53,115 common shares (the "Common Shares") of Park Lawn Company Limited ("PLCL") for an aggregate consideration of $212,460. Immediately following the completion of this transaction, Frank Mills, together with any joint actors, have ownership and shared control over 549,455 Common Shares, representing approximately 53.3% of the issued and outstanding Common Shares of PLCL. Mr. Mills completed the acquisition for investment purposes and may purchase additional shares of PLCL on the open market, by private agreement or otherwise subject to their availability at attractive prices, market conditions, applicable laws and other relevant factors.
A report will be filed with applicable regulators describing the acquisition.
About Park Lawn
Park Lawn Company Limited ("PLCL") owns a 2.9 acre parcel of land at 57 Linelle Street, Toronto, Ontario and holds a Promissory Note in the amount of $5,096,498 issued by Park Lawn Corporation. PLCL also owns the house and land located at 53 Linelle Street, Toronto, Ontario. The property is located immediately adjacent to the 57 Linelle Street property.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Park Lawn Company Limited