TORONTO, ONTARIO, Feb. 9, 2010 (Marketwire) -- On February 5, 2010, Mr. Hassan Dahlawi, a director of Spot Coffee (Canada) Ltd. (the "Corporation")(TSX VENTURE:SPP), directly acquired ownership of 800,000 units (the "Units") of the Corporation at a price of $0.20 per Unit as part of the Corporation's private placement of Units. Each Unit is comprised of one common share (a "Common Share") in the capital of the Corporation and one-half of a common share purchase warrant (a "Warrant") and, accordingly, Mr. Dahlawi acquired 800,000 Common Shares and 400,000 Warrants.
After giving effect to the acquisition of the Units, Mr. Dahlawi now owns or controls an aggregate of 7,103,318 Common Shares (or 15.09% of the issued and outstanding Common Shares (non-diluted)). Mr. Dahlawi advises that the Units were acquired for investment purposes only and that he may acquire additional securities of the Corporation, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position. The Common Shares of the Corporation are listed on the TSX Venture Exchange under the trading symbol "SPP".
