Canso Select Opportunities Corporation Closes Purchase of Shares From Canso Fund Management Ltd.

Provided By Globe Newswire

Last update: Jan 13, 2023

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RICHMOND HILL, Ontario, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Canso Select Opportunities Corporation (TSX Venture: CSOC.A, CSOC.B) (the "Company" or "CSOC") is pleased to announce that it has closed the previously announced acquisition of 70,000 Class A common shares of Lysander Funds Limited ("Lysander") from Canso Fund Management Ltd. ("CFM") by issuing to CFM 2,440,239 Class B subordinate voting shares of CSOC pursuant to a share purchase agreement dated October 17, 2022 (the "Transaction"). The consideration has an approximate value of $12.25 million. CFM now holds approximately 68% of the Company’s outstanding Class B subordinate voting shares, which represents a voting position of 4.7%. Prior to the Transaction, CFM did not hold any securities of CSOC.