Canadian Manufacturing

Windsor Private Capital acquires 10% stake in LXRandCo, Inc.

by CM Staff   

Financing Manufacturing acquisitions financing Manufacturing sales textiles

Windsor says they have acquired the Class B Shares for investment purposes.

TORONTO — Windsor Private Capital Limited Partnership announces on Sep. 29 that it had acquired an aggregate of 450,000 Class B shares of LXRandCo, Inc., representing approximately 0.49% of the issued and outstanding Class B Shares, through the facilities of the Toronto Stock Exchange for an aggregate price of $47,250, being $0.105 per Class B Share.

Prior to the Acquisition, Windsor beneficially owned and controlled less than 10% of the Class B Shares. As a result of the Acquisition, Windsor beneficially owns and controls an aggregate of 9,250,000 Class B Shares, representing approximately 10.12% of the issued and outstanding Class B Shares (as reported in LXR’s management’s discussion and analysis dated August 10, 2022).

Windsor has acquired the Class B Shares for investment purposes. Windsor intends to review its investment in LXR on a continuing basis. Depending on various factors including, without limitation, LXR’s financial position, the price levels of the securities, conditions in the securities markets and general economic and industry conditions, Windsor may in the future take such actions with respect to its investment in LXR as it deems appropriate, including, without limitation, (i) increasing or decreasing its position in LXR through, among other things, the acquisition or disposition of securities of LXR through the open market, in privately negotiated transactions, subscriptions from treasury or otherwise, (ii) entering into transactions that increase or hedge its economic exposure to such securities without affecting its beneficial ownership of such securities, (iii) continuing to hold its current position and/or (iv) developing plans or intentions or taking actions which relate to or would result in one or more of the transactions referred to in items (a) to (k) of Item 5 of Windsor’s early warning report filed on SEDAR.

LXRandCo is a handbag manufacturer.



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