Killick Capital Acquires Shares of Vector Aerospace Corporation
St. John’s, Newfoundland, January 20, 2009 – Killick Capital Inc. (“Killick”), fund manager for Killick Aerospace LP, has acquired 2,900,000 common shares of Vector Aerospace Corporation (“Vector”), representing approximately 7.69% of the outstanding common shares of Vector. Vector is listed on the Toronto Stock Exchange under the trading symbol “RNO”.
On January 20, 2009, Killick purchased 2,900,000 common shares of Vector at a price of $3.90 per share through the facilities of the Toronto Stock Exchange. Together with the 1,441,300 common shares of Vector already held by Killick, Killick owns or exercises control or direction over 4,341,300 common shares, which represent approximately 11.52% of the issued and outstanding common shares of Vector, based on the public records of Vector.
The shares were acquired for investment purposes. Killick does not have any current intention of acquiring ownership of or control or direction over any additional common shares of Vector. Killick may in the future acquire additional shares of Vector in the market, pursuant to private transactions or otherwise, sell all or some portion of the shares of Vector it owns or enter into derivative or other transactions with respect to its shares of Vector.