Who is the 10% shareholder?
See release below.
red911
Ontex investor Inwentash acquires 875,000 more shares
2009-08-28 10:47 ET - News Release
Mr. Sheldon Inwentash reports
INWENTASH ACQUIRES SECURITIES OF ONTEX RESOURCES LTD.
Ontex Resources Ltd. shareholder, Sheldon Inwentash, on Aug. 24, 2009, acquired ownership of 525,000 flow-through common shares and 350,000 non-flow-through common shares of Ontex, along with 350,000 common share purchase warrants. Each warrant entitles the holder thereof to acquire one additional common share until Feb. 24, 2011, at a price of 35 cents. In the event that the warrants are fully exercised, these holdings represent approximately 1 per cent of the total issued and outstanding common shares of Ontex as of Aug. 24, 2009, calculated on a partially diluted basis assuming the exercise of the warrants only.
As a result of this transaction, Mr. Inwentash, together with his joint actors, owns a total of 6,974,500 common shares of Ontex, including the common shares and rights to acquire an additional 6,675,000 common shares of Ontex upon the exercise of convertible securities, including the warrants.
Of these totals, the offeror owns 1,825,000 common shares and the warrants directly. In the event that the convertible securities are fully exercised, the holdings of Mr. Inwentash and joint actors represent a total of 13,649,500 common shares of Ontex, or approximately 10.1 per cent of all issued and outstanding common shares as at Aug. 24, 2009, calculated on a partially diluted basis assuming the exercise of the convertible securities only. In the event that the warrants are fully exercised, the direct holdings of Mr. Inwentash represent a total of 2,175,000 common shares of Ontex, or approximately 1.7 per cent of all issued and outstanding common shares as at Aug. 24, 2009, calculated on a partially diluted basis assuming the exercise of the warrants only.
These transactions were made for investment purposes and Mr. Inwentash or his joint actors could increase or decrease their investment in Ontex depending on market conditions or any other relevant factor.
