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Jeremy Edelman sells 350,000 shares of LGC Capital
Jeremy Edelman sells 350,000 shares of LGC Capital Canada NewsWire MONTREAL, Dec...
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[{"type":"text","content":"\n\n\n\nJeremy Edelman sells 350,000 shares of LGC Capital\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Dec. 23, 2016\n\n\n\nMONTREAL, Dec. 23, 2016 /CNW Telbec/ - Jeremy Edelman announces that on November 28, 2016, he sold 350,000 common shares of LGC Capital Ltd. (the \"Corporation\") (TSXV: QBA) through the facilities of the TSX Venture Exchange at a price of $0.042 per share for proceeds of $14,700, and that on December 7, 2016, a stock option in respect of 2,000,000 common shares of the Corporation held by Mr. Edelman was cancelled by mutual agreement of Mr. Edelman and the Corporation.\n\nImmediately prior to the transactions described above, Jeremy Edelman held 23,747,457 common shares of the Corporation, representing approximately 10.15% of the issued and outstanding common shares, and a stock option in respect of 2,000,000 common shares of the Corporation.  Assuming the exercise of the stock option held by Mr. Edelman, he would have held 25,747,457 common shares of the Corporation, representing approximately 10.91% of the common shares of the Corporation that would have then been issued and outstanding.\n\nImmediately after the transactions described above, Mr. Edelman holds 23,397,457 common shares of the Corporation, representing approximately 9.99% of the issued and outstanding common shares, and no stock options.\n\nAs a result of the transactions described above, Mr. Edelman's shareholdings in the Corporation decreased to approximately 9.99% from approximately 10.15%.\n\nMr. Edelman sold the 350,000 common shares of the Corporation at a price of $0.042 per share for proceeds of $14,700. Mr. Edelman did not receive any consideration for the cancellation of the stock option.  The exercise price of the stock option was $0.2325 per share and its expiry date was December 31, 2020.\n\nIn accordance with applicable securities laws, Mr. Edelman may, from time to time and at any time, acquire additional common shares of the Corporation and/or other equity, debt or other ...