TORONTO, April 25, 2012 /PRNewswire/ - Venator Capital Management Ltd. announces that one or more investment funds that it manages (the "Venator Funds") sold a total 2,300 Class B special shares (the "Class B Shares") of The Becker Milk Company Limited (TSX: BEK.B) (the "Company") through the facilities of the Toronto Stock Exchange.
The Company now has 1,267,610 Class B Shares issued and outstanding. As a result of the sale, the Venator Funds now own a total of 167,400 Class B Shares representing approximately 13.2% of the issued and outstanding Class B Shares of the Company.
The Class B Shares were acquired by the Venator Funds for investment purposes. The Venator Funds may in the future increase or decrease their ownership of securities of the Company from time to time depending upon the business and prospects of the Company and future market conditions.
Venator Capital Management Ltd. specifically disclaims any beneficial ownership of the reported Class B Shares, but as investment manager it maintains exclusive power to exercise investment control or direction over such Class B Shares for the Venator Funds as the beneficial owners.
SOURCE Venator Capital Management Ltd.