Cormark Securities Inc., Investment Arm. acquired 11.19% stake in Air Canada (TSX:AC.B) from Ace Aviation Holdings Inc. (TSXV:ACE.H) for CAD 58 million on November 13, 2012. As a part of the transaction, Cormark Securities will acquire 31 million shares and 2.5 million warrants to purchase Air Canada shares at exercise prices of CAD 1.51 (1.25 million warrants) and CAD 1.44 (1.25 million warrants) for a combined deal value of CAD 58 million. Post transaction, Ace Aviation will not hold any stake in Air Canada.

Cormark Securities Inc., Investment Arm. completed the acquisition of 11.19% stake in Air Canada (TSX:AC.B) from Ace Aviation Holdings Inc. (TSXV:ACE.H) on November 13, 2012.