– CANADA, Fredericton – Trius Investments Inc. (TSXV:TRU announced today the following changes to its board of directors.
Yousuf Soliman has been appointed to the Board as an independent director. Mr. Soliman is a financial analyst at Smoothwater Capital Corporation, one of Canada’s leading activist investors. Mr. Soliman joined Smoothwater after its founding in May 2013 and has been involved in all of its activist and proxy campaigns. Prior to joining Smoothwater, Mr. Soliman worked for a Toronto-based investment bank participating in over 20 transactions in the equity and debt capital markets. Mr. Soliman is experienced in building financial valuations and other metrics for the assessment of prospective investments.
R. Gordon Wheaton has retired as Chairman of the Board and as a director of Trius to focus on other business interests. In his place, Damian Lopez has been appointed Chairman of the Board.
Mr. Wheaton originally guided a predecessor of Trius to complete its initial public offering in 1998, raising $200,000. Under Mr. Wheaton’s leadership, since then Trius has executed numerous successful acquisitions and dispositions and returned approximately $6,500,000 in cash to shareholders. Mr. Wheaton, who is well-known and respected in Fredericton’s business community, will remain a consultant to the Company to provide strategic corporate and leadership advice, and he is currently Trius’ second largest shareholder.
Joel Freudman, President and Chief Executive Officer of Trius, commented on the Board changes: “Gordon has been instrumental to Trius’ success for more than 20 years, and we wish him the best with his other endeavours. The Board will benefit greatly from his continued strategic insights in his new role, and from the direction of Damian as our new Chairman. We also welcome Yousuf to the Board and are certain his investment banking background will be invaluable as we consider our next steps.”
About Trius Investments Inc.
Trius owns interests in several real estate and healthcare investments in the United States. Trius’ common shares trade on the TSX Venture Exchange under the symbol “TRU”.
For more information : http://www.triusgroup.com
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