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| Acquisition of securities of American Insulock Inc. Woodbridge Foam Corporation announced that it has, through its subsidiary, PolyLINK Corporation, acquired 600,000 units of securities of American Insulock Inc. in a private placement at US$0.05 per unit, each consisting of one Common Share, and one common share purchase warrant (entitling the holder to acquire within 12 months further Common Shares at a price per share of US$O.10). As a result, Woodbridge beneficially owns approximately 10.43% of the outstanding Common Shares of American Insulock and in the event of the exercise of all of the Warrants, Woodbridge will beneficially own 18.89% of the outstanding Common Shares of American Insulock. The acquisition of the above units by Woodbridge is for investment purposes only. Woodbridge may from time to time acquire additional securities of American Insulock, or dispose of some or all of the securities of American Insulock which it currently holds. write your comments about the article :: © 2008 Construction News :: home page |