HTL Hamilton Thorne Inc

BEVERLY, MA and TORONTO, Aug. 31, 2011 /CNW/ -- BEVERLY, MA and TORONTO, Aug. 31, 2011 /CNW/ - Daniel Thorne, a director and insider of Hamilton Thorne Ltd. (TSXV: HTL) (the "Corporation"), announces that, on August 30, 2011, he acquired ownership or control over 8,313,000 common shares (the "Shares") of the Corporation, being approximately 22.54% of the currently issued and outstanding Shares. The 8,313,000 Shares were acquired in connection with the closing of the first tranche of a non-brokered private placement of Shares (the "Offering") at an offering price of Cdn.$0.20. Immediately following the Offering, Mr. Thorne owns, directly or indirectly, 18,697,530 Shares or approximately 50.69% of the issued and outstanding Shares, consisting of 14,761,242 Shares held directly by Mr. Thorne and 3,936,288 Shares held by Star Lake Bioventures LLC, a company controlled by Mr. Thorne. Further information regarding the Offering may be found in the press release issued by the Corporation on August 30, 2011, a copy of which may be viewed on the Corporation's SEDAR profile at www.sedar.com. Mr. Thorne acquired the Shares for investment purposes and may from time to time acquire additional common shares either on the open market or through private acquisitions or sell the Shares either on the open market or through private dispositions. This news release is being issued under the early warning provisions of Canadian provincial securities legislation. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy for this release. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/31/c7691.html p Hamilton Thorne Ltd., David Wolf - President, Telephone 978 921-2050 /p

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