1693062 Ontario Inc. Updates Purchases of Pyxis Capital Inc.

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1693062 Ontario Inc. Updates Purchases of Pyxis Capital Inc.

1693062 Ontario Inc. Updates Purchases of Pyxis Capital Inc.

1693062 Ontario Inc. announces that today it purchased 39,500 Non-voting shares at a price of $0.34 per share of Pyxis Capital Inc. ("Pyxis") through The Toronto Stock Exchange bringing its total holdings in Pyxis to 7,500,000 Common shares (36%); 45,883,440 Non-voting shares (65.74%) and 5,900 Dividend shares (0.13%). As disclosed in 1693062 Ontario Inc.'s April 29, 2008 Take-over Bid Circular, in connection with its offer for all the shares of Pyxis Capital Inc., 1693062 Ontario Inc. may make purchases of Pyxis during the currency of the bid.


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