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TORONTO, ONTARIO--(Marketwired - Mar 21, 2016) - The Estate of Ian M.T. McAvity (the "Estate"), Toronto, Ontario, announced today that it has become the beneficial owner of 19,369,749 previously issued common shares ("Shares") of Duncan Park Holdings Corporation (the "Company") (TSX VENTURE:DPH) and 1,000,000 previously granted stock options ("Options" and together with the Shares, the "Securities") of the Company upon the passing of Mr. Ian M.T. McAvity on March 15, 2016.
The Shares held by the Estate represent approximately 15.36% of the issued and outstanding Shares on a non-diluted basis. The Options are exercisable for Shares at a price of $0.10 per share until March 31, 2016. In the event that all of the Options are exercised, the Estate would hold 20,369,749 Shares or approximately 16.03% of the issued and outstanding Shares on a partially diluted basis.
The Estate became the beneficial owner of the Securities upon the passing of Mr. McAvity and is holding Securities for investment purposes. Subject to applicable securities laws, the Estate may, from time to time, increase or decrease his beneficial ownership, control or direction over securities of the Company, through market transactions, private agreements or otherwise.
For further information or a copy of the early warning
report related to this matter, please contact:
Estate of Ian M.T. McAvity
Geoffrey Heward, Co-Executor