Breaking News

Tweet TWEET

Early Warning Report re DragonWave Inc.

TORONTO, Jan. 17, 2013 /CNW/ - This news release is issued pursuant to 
National Instrument 62-103 - The Early Warning System and Related Take-Over 
Bid and Insider Reporting Issues. 
Mr. Timothy J. McDonald, of 39 Coolidge Point, Manchester, MA, USA ("Mr. 
McDonald") announced today that he has acquired beneficial ownership of 14.3% 
of the common shares in the capital stock of DragonWave Inc. ("DWI") as 
follows. 
As of June 21, 2012Mr. McDonald had ownership of 2,031,110 DWI common shares 
(5.35% of the DWI issued and outstanding common shares). Between June 27, 
2012 and December 5, 2012, Mr. McDonald acquired an additional 1,773,371 
common shares, becoming the owner of 3,804,481 DWI common shares (10% of the 
DWI issued and outstanding). By December 31, 2012Mr. McDonald had purchased an 
additional 1,160,019 DWI common shares, becoming the owner of 4,964,500 common 
shares (representing approximately 13.06% of the DWI issued and outstanding). 
Between January 3 and 11, 2013, Mr. McDonald purchased an aggregate 468,826 
common shares, becoming the beneficial owner of 5,433,326 DWI common shares 
(representing approximately 14.3% of the issued and outstanding). 
All the purchases were made through the facilities of NASDAQ. The average 
price for the common shares acquired between June 27, 2012 and December 5, 
2012 was US$2.54 per share (Cdn$2.54). The average price for the common shares 
acquired between December 5 and December31, 2012 was US$3.14 per share 
(Cdn$3.14). The average price for the common shares acquired between January 3 
and 11, 2013 was US$3.0605 per share (Cdn$3.06). 
The securities were acquired as a private investment of Mr. McDonald who is 
not acting with any joint actor and does not have a control position in DWI. 
Mr. McDonald has no intention of acquiring ownership of, or control over, 
additional DWI securities. 
A report containing additional information with respect to the foregoing 
matters will be filed with the Securities Commission in each jurisdiction 
where DWI is a reporting issuer and will be available for viewing through the 
Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at 
www.sedar.com. A copy of the report may also be obtained by contacting Mr. 
McDonald at the address below. 
Mr. Timothy J. McDonald 39 Coolidge Point Manchester, MA 01944 
E-mail:timmcd54@yahoo.com 
SOURCE: DragonWaves Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2013/17/c6883.html 
CO: DragonWaves Inc.
ST: Ontario 
-0- Jan/17/2013 23:24 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.