TSXV Symbol: CYF
CALGARY, Dec. 13 /CNW/ - Mr. Brian Halina, the Chairman of Canyon Creek Food Company Ltd. ("CYF" TSX:V), in accordance with s.110 of the Securities Act (Ontario) and National Instrument 62-103 has directly and indirectly acquired 197,000 common shares in a series of purchases through the facilities of the TSX Venture Exchange at prices ranging from $0.04 to $0.055 per share on December 06-11, 2007. The acquisition brings Mr. Halina's total direct and indirect shareholdings in Canyon Creek to 54.3 per cent of the company's issued and outstanding share capital. Mr. Halina advises that the shares were acquired for investment purposes only and that he may acquire more securities of the company at any time in the future.
About Canyon Creek
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Canyon Creek is a food processing company based in Calgary and Edmonton, Alberta providing fresh soups and other prepared food products for today's health conscious consumer. The company provides its fresh food product line to both grocery retailers and a broad range of food service establishments such as restaurants and institutions throughout Canada.
The TSX Venture Exchange has neither approved or disapproved of the
contents of this press release.
EARLY WARNING REPORT
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Section 101 of the Securities Act (Ontario)
Section 111 of the Securities Act (British Columbia)
Section 141 of the Securities Act (Alberta)
1. Name and Address of Offeror:
Brian Halina
9220 - 39 Avenue
Edmonton, AB T6E 5T9
2. Designation and number or principal amount of securities and the
offeror's securityholding percentage in the class of securities of
which the Offeror acquired ownership or control in the transaction
giving rise to the obligation to file the news release, and whether
it was ownership or control that was acquired in those circumstances:
On December 06-11, the Offeror acquired 197,000 common shares of
Canyon Creek Food Company Ltd. ("Canyon Creek") at prices ranging
between $0.04 and $0.055 per share for an aggregate consideration of
$9710.00. The acquisition raised the undiluted direct and indirect
interest of the Offeror in the total issued and outstanding common
shares of Canyon Creek to 19,086,549 common shares representing
approximately 54.3% of the total issued and outstanding common shares
of Canyon Creek. A copy of the press release issued by the Offeror is
attached hereto as Appendix A.
3. The designation and number or principal amount of securities and the
Offeror's securityholding percentage in the class of securities
immediately after the transaction or occurrence giving rise to the
obligation to file the news release:
19,086,549 common shares representing 54.3% of the total issued and
outstanding common shares of Canyon Creek.
4. The designation and number or principal amount of securities and the
percentage of outstanding securities of the class of securities
referred to in paragraph 3 over which:
(a) the Offeror, either alone or with any joint actors, has ownership
and control:
See item 3 above.
(b) the Offeror, either alone or with any joint actors, has ownership
but control is held by other persons or companies other than the
Offeror or any joint actor:
nil
(c) the Offeror, either alone or with any joint actors, has exclusive
or shared control but does not have ownership:
nil
5. The name of the market where the transaction or occurrence that gave
rise to the news release took place:
TSX Venture Exchange.
6. The purpose of the Offeror and any joint actors in effecting the
transaction or occurrence that gave rise to the news release,
including any future intention to acquire ownership of, or control
over, additional securities of the reporting issuer:
The securities were acquired for investment purposes only. The
Offeror may acquire more securities of the issuer based on market
conditions.
7. The general nature and the material terms of any agreement, other
than the lending agreements, with respect to securities of the
reporting issuer entered into by the Offeror, or any joint actor, and
the issuer of the securities or any other entity in connection with
the transaction or occurrence giving rise to the news release,
including agreements with respect to the acquisition, holding,
disposition or voting of any of the securities:
None.
8. The names of any joint actors in connection with the disclosure
required by Appendix E to the National Instrument 62-103:
Not applicable
9. In case of a transaction or occurrence that did not take place on a
stock exchange or other market that represents a published market for
the securities, including an issuance from treasury, the nature and
value of the consideration paid by the Offeror:
Not applicable
10. Where applicable, a description of any change in any material fact
set out in a report by the Offeror under the early warning or Part 4
of the National Instrument 62-103.
Not applicable
DATED as of December 12, 2007.
The foregoing accurately discloses the material change referred to in this
report.
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Brian Halina
Schedule A
Press Release
%SEDAR: 00004242E