(via Thenewswire.ca)
April 14, 2016 / TheNewswire / CALGARY, AL B ERTA. - Sunora Foods Inc. (the " Corporation ") (TSX-V: SNF) - Mr. Steve Bank, President and Chief Executive Officer of the Corporation, reports that in accordance with regulatory requirements, Shanghai Hao Zhuo Int ernational Trading Ltd. (" Shanghai "), a company based out of Shanghai, China, has acquired 8,028,400 common shares of the Corporation from Steve Bank on April 13, 2016, which represents 19% of the outstanding common shares. Prior to the purchase, Shanghai owned no common shares of the Corporation.
The securities acquired by Shanghai are held for investment purposes. In the future, Shanghai may increase or decrease its respective ownership of securities of the Corporation from time to time depending upon the business and future market conditions.
A copy of the early warning report filed pursuant to Regulation 62-103 may be obtained on SEDAR.
About Sunora Foods
Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the "Sunora", "Sunera" and numerous private label brands.
For further information, please contact:
Dean Stuart
Investor Relations
T: (403) 517 - 2270
E: dean@boardmarker.net
Steve Bank
Chief Executive Officer and President
T: (403) 247-8300
E: steve.bank@sunora.com
Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
The forward - looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward - looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX Venture Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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