May 08, 2008 17:32 ET

1693062 Ontario Inc. Updates Purchases of Pyxis Capital Inc.

TORONTO, ONTARIO--(Marketwire - May 8, 2008) - 1693062 Ontario Inc. announces that on May 7, 2008 it purchased 1,900 Dividend shares at a price of $11.25 per share and on May 8, 2008 it purchased 1,000 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%); 45,843,940 Non-voting shares (65.69%) 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.