TORONTO, ONTARIO--(Marketwired - Feb. 20, 2015) - North American Logistics Services Inc., a company wholly-owned and controlled by Mr. Terry Vaudry, a director and officer of Pacific Safety Products Inc. (the "Company") (TSX VENTURE:PSP), has acquired, effective February 18, 2015, a convertible debenture of the Company in the principal amount of $291,500 (the "Debenture") by way of private placement by the Company. The Debenture is convertible into common shares in the capital of the Company ("Common Shares"), representing approximately 2.83% of issued and outstanding Common Shares (assuming no options or debentures of the Company are exercised or converted other than those held by Mr. Vaudry or North American Logistics Services Inc.).
