TORONTO, May 8, 2009 (GLOBE NEWSWIRE) -- In accordance with regulatory requirements, Evans Ford Lincoln Inc. ("Evans Ford") hereby reports that on April 30, 2009 it acquired 666,667 common shares (the "Exchange Shares") in the capital of Allied Northern Capital Corporation ("Allied"). Evans Ford is a private company controlled by David Raymond and W. Matthew Raymond. Evans Ford was issued the Exchange Shares as partial payment by Allied for the purchase of all of the shares of Auto Repairs Can Corporation from Evans Ford. The Exchange Shares represent approximately 9% of the total currently issued and outstanding common shares of Allied on a non-diluted basis. David Raymond, W. Matthew Raymond and Evans Ford collectively now hold 34% of the total issued and outstanding common shares of Allied on a non-diluted basis. Together with the associates, David Raymond and W. Matthew Raymond own or control an aggregate of 5,053,763 common shares of Allied representing 70.94% of the outstanding common shares of Allied.
The securities acquired by Evans Ford are held for investment purposes. The investment will be reviewed on a continuing basis and holdings may be increased or decreased in the future, depending on economic or market conditions or matters relating to the applicable issuer.
A copy of the related warning reports filed with applicable securities commissions may be obtained from the SEDAR website (www.sedar.com). For more information please contact David. W. Raymond at Tel: (416) 232-6700, or Fax: (416) 352-1838.