TORONTO, December 24, 2020 (GLOBE NEWSWIRE) – Gibraltar & Company, Inc. („GCI”), Together with their President and CEO, Mr. Camillo di Prata, announce that according to the private accommodation of LXRandCo, Inc.Corporation”), Acquired a total of 14,600,000 units of the corporationUnits“), With each unit consisting of one Class B share (“Class B Share”) And one quarter of one order for the purchase of Class B shares (“New Class B warranty“), In the capital of the corporation at a price of $ 0.125 per unit (“Transaction”). Each complete new Class B guarantee will entitle the holder to purchase one Class B share at a price of $ 0.175 for a period of 24 months after the transaction closes. New Class B orders are subject to accelerated expiration if, after a date four months and one day from the date of issue of the Units and before the expiration date of the new Class B orders, the weighted average daily trading price of Class B shares exceeds $ 0.35 for ten consecutive days. trading.
Prior to the completion of the Transaction, GCI owned 2,449,778 Class B shares, or 7.47% of the then issued and outstanding Class B shares, Gibraltar Opportunity, Inc. („GOI”) Owns 1,961,294 Class B shares and 280,398 purchase orders for Class B Corporation shares (each“Sharing the old class B Account”), Which can be used for one Class B share at a price of US $ 11.50 until June 9, 2022 or 5.98% of Class B issued and outstanding shares, Gibraltar Ventures Fund One Limited Partnership (“Ventures”) Owned 5,802,714 Class B shares, or 17.70% of the then issued and issued Class B shares, Gibraltar Brands Inc. („GBI”) He owned 625,000 Class B shares, or 1.91% of the then issued and outstanding Class B shares, and Mr. Camillo di Prata owned 453,143 Class B shares or 1.38% of the then issued and outstanding Class B shares. Prior to the completion of the Transaction, GCI and its subsidiaries (consisting of GOI, GBI and Ventures) together with Mr. Camilla di Prata owned a total share of 11,291,929 Class B shares, or 34.44 %% of the then issued and outstanding Class B shares and 280,398 old orders for class B.
Upon completion of the Transaction, GCI owned 10,449,778 Class B shares and 2,000,000 new purchase orders, or 11.26% of issued and outstanding Class B shares, GOI owned 1,961,294 Class B shares and 280,398 old purchase orders, or 2.11% of issued and outstanding Class B Shares, Ventures owned 5,802,714 Class B Shares, or 6.25% of issued and outstanding Class B Shares, GBI owned 625,000 Class B Shares, or 0.67% of issued and outstanding Class B shares, and Mr. Camillo di Prata 7,053,143 Class B shares and 1,650,000 new purchase orders, or 7.60% of issued and extraordinary Class B shares. In total, GCI and its subsidiaries (consisting of GOI, GBI and Ventures), together with Mr. Camilla di Prata, owned 25,891,929 Class B shares and 3,650,000 new purchase orders, representing 27.91% of Class B shares issued and outstanding after the completion of the transactions.
GCI and Mr. Camillo di Prata acquired Class B shares in accordance with the investment transaction. Each of the GCI, GBI, Ventures, GOI and Mr. Camillo di Prata, depending on market conditions and other factors, may from time to time acquire additional securities of the Corporation or dispose of the Corporation’s securities on the open market or privately by agreement or otherwise. All calculations of the percentages of Class B shares issued and outstanding in this press release are calculated on an undiluted basis.
Certain information contained in this release may be forward-looking statements in terms of Canadian securities laws. Forward-looking statements are often, but not always, identified using words such as “expect,” “predict,” “believe,” “predict,” “could,” “assess,” “aim,” “intend.” , “Plan”, “seek”, “will”, “can” and “should” and similar expressions or words that suggest future outcomes. This release includes information and forward-looking statements relating, inter alia, to potential future acquisitions or disposals of the Corporation’s securities by GCI, GBI, GOI, Ventures, g. Camillo di Prata and Mr. Luigi Fraquelli. Numerous risks and uncertainties could cause actual events and outcomes to differ materially from the estimates, beliefs and assumptions expressed or implied in forward-looking statements.
An early warning report with additional information regarding the above issues will be provided and will be available on the SEDAR profile of LXRandCo, Inc. at www.SEDAR.com.
To obtain a copy of the early warning report, you can contact:
Mr. Camillo di Prata
Gibraltar & Company, Inc.
100 Adelaide Street West, Suite 2810
Toronto, Ontario M5H 1S3