SYS-CON MEDIA Authors: Michael Bushong, Eric Brown, Gilad Parann-Nissany, Kevin Benedict, Newswire

News Feed Item

Lorito Holdings S.a.r.l. and Zebra Holdings and Investments S.a.r.l. Acquire Shares of NGEx Resources Inc.

LUXEMBOURG, LUXEMBOURG -- (Marketwired) -- 06/17/14 -- Lorito Holdings S.a.r.l. ("Lorito") and Zebra Holdings and Investments S.a.r.l ("Zebra"), two companies controlled by a trust settled by the late Adolf H. Lundin, announced today that each had acquired ownership of 1'750'000 common shares respectively of NGEx Resources Inc. (TSX: NGQ)(OMX: NGQ) ("NGEx) in consideration of approximately Cdn$2.01 per common share by way of private placement. As a result of these acquisitions, Lorito and Zebra hold 18'000'000 and 19'161'841 common shares respectively of NGEx representing 9.66% and 10.28% respectively of the issued capital of NGEx.

Lorito and Zebra are joint actors with respect to their holdings in NGEx and have acquired the shares for investment purposes. Each of Lorito and Zebra may from time to time increase or decrease their investment in NGEx depending upon the business and prospects of NGEx and depending upon future market conditions.

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. Aksel Azrac
+ 352 26 30 27 70
+ 352 27 44 93 80 (FAX)

More Stories By Marketwired .

Copyright Ā© 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.