TORONTO, Dec. 15, 2015 /CNW/ – ISH Capital Inc. (“ISH”) announced that on December 14, 2015, it acquired 2,406,712 common shares (“Common Shares”) of Strongco Corporation from IKO Enterprises Ltd. (“IKO”) representing approximately 18.20% of the issued and outstanding Common Shares through the facilities of the Toronto Stock Exchange, at a price per share of $1.68. Following the transfer of shares, ISH has beneficial ownership of 2,406,712 Common Shares representing approximately 18.20% of the issued and outstanding Common Shares. Saul Koschitzky has control and direction over the Common Shares beneficially owned by ISH.  Members of the Koschitzky family may be considered joint actors of IKO in connection with the foregoing transfer of shares.

The Common Shares were transferred for investment purposes. Depending on various factors, ISH may acquire additional Common Shares or dispose of Common Shares from time to time.