Early Warning Report in Accordance with National Instrument 62-103
Wednesday, Jun 30, 2010
XPEL Technologies Corp. (“Company) announced that Mr. Richard Crumly, of San Antonio, Texas, on June 18th, has directly acquired 2,940,906 Common Shares (“Share) of the Company at a price of US$.05 per Share in a private transaction with another shareholder.
“Company) announced that Mr. Richard Crumly, of San Antonio, Texas, on June 18th, has directly acquired 2,940,906 Common Shares (“Share) of the Company at a price of US$.05 per Share in a private transaction with another shareholder.”
After the acquisition, Mr. Crumly, with entities he owns or controls, directly controls 3,328,906 Shares or 12.94% of the issued and outstanding Shares (non-diluted). Mr. Crumly may, depending on market and other conditions, increase his control or beneficial ownership, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position over the common shares of the Company, through market transactions, private agreements or otherwise.
A copy of the Early Warning Report may be found on www.sedar.com.
Source: Business Wire
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