John F. Driscoll Files Early Warning Report Following Acquisition of Common Shares of C.A. Bancorp Inc. (TSX: BKP)
TORONTO, ONTARIO -- (MARKET WIRE) -- 02/23/09 -- John F. Driscoll (the "Securityholder"), The Exchange Tower, 130 King Street West, Suite 2850, Toronto, Ontario, M5X 1A4, announces that he has acquired, together with joint actors, through the facilities of the Toronto Stock Exchange, beneficial ownership and control over 27,000 common shares of C.A. Bancorp Inc. (the "Corporation") at a price of $0.93 per common share, representing approximately 0.099% of all issued and outstanding common shares of the Corporation (the "Acquisition").
Immediately after the Acquisition, the Securityholder together with joint actors holds an aggregate of 3,278,276 common shares of the Corporation representing approximately 12.01% of the outstanding common shares of the Corporation and the option to acquire up to an additional 347,500 common shares of the Corporation upon exercise of options. Of these totals, J.F. Driscoll Investment Corp. holds 2,283,158 common shares, DCT Investments Corp. holds 231,500 common shares, Petro Assets Inc. holds 339,991 common shares, Driscoll Children's Trust holds 57,447 common shares, Merrilyn Driscoll holds 131,300 common shares of the Corporation and the Securityholder holds 234,880 common shares of the Corporation and options to purchase 347,500 common shares of the Corporation. If the Securityholder were to exercise all of his options to purchase common shares of the Corporation, the Securityholder together with joint actors would beneficially own and control an aggregate of 3,625,776 common shares of the Corporation, representing approximately 13.28% of the issued and outstanding common shares of the Corporation, calculated on a partially diluted basis assuming the exercise of the options held by the Securityholder only (but not the exercise of any options or convertible securities held by any other holder).
The Securityholder acquired the 27,000 common shares of the Corporation for investment purposes and alone or together with joint actors may, from time to time, depending on market and other conditions, acquire additional securities of the Corporation, dispose of some or all of the existing or additional securities of the Corporation or continue to hold his current position.
An early warning report in respect of the above will be filed on SEDAR and will be available at www.sedar.com.
More information
For further information or copies of the report filed in connection with this news release with the various securities commissions, please contact:
Michele Warling
The Exchange Tower,
130 King Street West, Suite 2850,
Toronto, Ontario
M5X lA4
(416) 861-8729
C.A. Bancorp Inc.
C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp is focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.
This news release contains forward-looking statements. These statements relate to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent C.A. Bancorp's beliefs regarding future events. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "will," "expect," "intend," "plan," "estimate," "anticipate," "believe" or "continue," similar words or the negative thereof, or variations of such words and phrases that certain actions, events or anticipated outcomes "may," "would" or "might" be taken, occur or be achieved. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. The future business, operations and performance of C.A. Bancorp discussed herein could differ materially from those expressed or implied by such statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Additional important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, and tax-related matters. C.A. Bancorp cautions that risk factors discussed in applicable continuous disclosure filings required by law that C.A. Bancorp has made and filed on SEDAR should also be considered carefully and that undue reliance not be placed on forward-looking statements as events and results could differ materially from those expressed or implied by forward-looking statements made by C.A. Bancorp. The cautionary statements qualify all forward-looking statements attributable to C.A. Bancorp and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release. C.A. Bancorp does not undertake, and specifically disclaims, any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.