MONTREAL, QUEBEC--(Marketwired - Jun 27, 2014) - Abdel Charmand (the "Offeror"), announces that on June 27, 2014, he acquired, through the facilities of the TSX Venture Exchange, ownership of 500,000 common shares (the "Common Shares") in the capital of Saratoga Electronic Solutions Inc. ("Saratoga"; TSX-V; SAR), at a price of $0.03 per Common Share, representing approximately 2.7% of the outstanding Common Shares as at June 27, 2014.
As a result of this transaction, the Offeror now owns a total of 3,495,750 Common Shares which represent, in the aggregate, approximately 18.93% of the outstanding Common Shares.
The Offeror acquires or disposes of direct ownership of Common Shares for investment purposes only. These investments will be reviewed by the Offeror on a continuing basis and such holdings may be increased or decreased in the future.
A copy of the early warning report related to this news release will be filed forthwith on SEDAR (www.sedar.com)
For a copy of such report or for further information, please contact Abdel Charmand, 514-961-9111, 7-1190 avenue Ducharme, Montreal, QC, H2V 1E3