VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 08/01/13 — Arn Schoch announces that on July 30, 2013 he acquired ownership of 445,000 common shares of ZTEST Electronics Inc. (“ZTEST”) bringing his holdings in ZTEST to 1,695,000 common shares, 625,000 common share purchase warrants (the “Warrants”) and 200,000 options (the “Options”) of ZTEST, representing 15.92% of the current issued and outstanding common shares of ZTEST. Each Warrant entitles Mr. Schoch to acquire one additional common share at a price of $0.10 until February 4, 2016 and each Option entitles Mr. Schoch to acquire one common share at a price of $0.15 until March 11, 2018. In the event that the Warrants and Options are fully exercised, these holdings would represent approximately 21.96% of the total issued and outstanding common shares of ZTEST as of July 30, 2013, calculated on a partially diluted basis assuming the exercise of the Warrants and Options only. However, Mr. Schoch has delivered an Undertaking to ZTEST that he will not exercise all of the Warrants or the Options, as the case may be, if such exercise would result in him holding 20% or more of the issued and outstanding common shares of ZTEST unless ZTEST minority shareholder approval is obtained to his holding of 20% or more of the issued and outstanding capital of ZTEST.
This transaction was made for investment purposes and Mr. Schoch could increase or decrease his investment in ZTEST depending on market conditions or any other relevant factor.
Neither 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.
Contacts:
Arn Schoch
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