Avante Logixx Inc. Announces Increased Holdings by co-CEO
20 Agosto 2013 - 1:18PM
Marketwired Canada
Avante Logixx Inc. (the "Corporation") (TSX VENTURE:XX) announced today that
co-CEO George Rossolatos acquired an additional 586,000 common shares (the
"Common Shares") in the capital of the Corporation between April 1 and July 31,
2013, at prices ranging from $0.08 to $0.145 per share. The Common Shares were
purchased through the facilities of the TSX Venture Exchange. After giving
effect to these purchases, Mr. Rossolatos owns or has control over of 6,000,343
Common Shares in the capital of the Corporation, representing approximately
10.73% of the issued and outstanding Common Shares of Corporation not including
unexercised options. Mr. Rossolatos is the beneficial owner of 4,000,343 Common
Shares and has a 50% interest in GeoMan I Partnership which is the beneficial
owner of 4,000,000 Common Shares. Mr. Rossolatos effected the purchases of the
Common Shares for investment purposes. Mr. Rossolatos reserves the right to
purchase additional securities of the Corporation or from time to time to
dispose of any securities of the Corporation that he may own.
About Avante Logixx Inc.
Avante Logixx Inc. (TSX VENTURE:XX) is a Toronto based security and technology
company. Its primary operating division, Avante Security Inc.
(www.avantesecurity.com), provides best in class security response and other
security services for residential and commercial applications as well as being
an industry leader in designing and installing complex security systems, access
control, and video analytics. The company continuously develops innovative
products and applications within its core competencies. Please visit
www.avantelogixx.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Avante Logixx Inc.
Leland Verner
Chairman
(416) 823-7474
leland@avantelogixx.com
www.avantelogixx.com
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