VANCOUVER, March 23, 2017 /CNW/ - Pacific Topaz Resources
Ltd. (TSXV – PPZ.H) (the "Company or Issuer") has been advised
that Radcliffe Corporation, a company owned and controlled by
Frank Giustra, disposed of 570,000
common shares of Pacific Topaz Resources Ltd. in the public market
representing 4.67% of the issued and outstanding common shares of
the Issuer.
As a result of the disposition of securities described above,
Radcliffe Foundation, a charitable organization controlled by
Frank Giustra and Radcliffe
Corporation, hold in aggregate 1,142,000 common shares of the
Issuer, representing 9.36% of the current issued and outstanding
common shares of the Issuer. Frank
Giustra and his related entities are no longer deemed a 10%
holder and will not be required to complete any further regulatory
filings.
The Company has been advised that Mr. Giustra and his related
entities disposed of these securities for investment purposes and
as disclosed in the Early Warning Report to be filed in conjunction
with this news release, may in the future acquire or dispose of
securities of the Company, through the market, privately or
otherwise, as circumstances or market conditions warrant.
ON BEHALF OF THE BOARD OF DIRECTORS
OF PACIFIC TOPAZ RESOURCES LTD.
"Michael Kennedy"
President & CEO
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.
SOURCE Pacific Topaz Resources Ltd.