CALGARY, ALBERTA -- (Marketwire) -- 01/04/13 -- Mr. Winston Ho Fatt, through Somerset Properties Ltd. ("Somerset"), a company which Mr. Ho Fatt controls, acquired ownership of an aggregate of 2,369,919 Class A common shares ("Class A Shares") in the capital of Beaumont Select Corporations Inc. (the "Corporation") (TSX VENTURE: BMN.A) pursuant to a share purchase and sale agreement dated January 4, 2013 at a price of $0.775 per share for an aggregate purchase price of $1,836,687.20.
As a result of the acquisition and taking into account Class A Shares already beneficially owned or controlled, Mr. Ho Fatt beneficially owns, or exercises control over, directly or indirectly, 14,033,396 Class A Shares, representing approximately 86.8% of the issued and outstanding Class A Shares.
The Class A Shares were acquired for investment purposes and Mr. Ho Fatt may, from time to time on an individual or joint basis, acquire additional securities of the Corporation, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position.
A copy of the early warning report in respect of this transaction has been filed with the applicable securities commissions and can be found at www.sedar.com.
For further information or to obtain a copy of the early warning report filed in connection with this matter, please contact Mr. Winston Ho Fatt.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Mr. Winston Ho Fatt