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Anthony Lacavera Amends Early Warning Report to Announce Intention to Make Normal Course Purchases of Globalive Technology Inc. Shares
Anthony Lacavera Amends Early Warning Report to Announce Intention to Make Normal Course P...
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[{"type":"text","content":"\n\n\n\nAnthony Lacavera Amends Early Warning Report to Announce Intention to Make Normal Course Purchases of Globalive Technology Inc. Shares\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\nTORONTO, July 23, 2018\n\n\n\nTORONTO, July 23, 2018 /CNW/ - Anthony Lacavera, through his holding company Globalive Capital, amends his previously-filed early warning report to announce his intention, subject to market and other conditions, to make normal course purchases of common shares (the \"Normal Course Shares\") of Globalive Technology (\"GT\") (TSXV: LIVE).\n\nImmediately before and after filing this report, Mr. Lacavera owned and controlled (through Globalive Capital) 56,472,922 shares of GT. In addition, Mr. Lacavera holds 1,575,000 options to purchase shares of GT and 1,575,000 restricted share units (\"RSUs\"), each of which entitles the holder to receive one share of GT upon settlement. In addition, through voting agreements with various parties, Mr. Lacavera and Globalive Capital have voting control, but not ownership, over an additional 41,672,528 shares of GT. Mr. Lacavera therefore has ownership and control, on a partially diluted basis (assuming exercise of the options and settlement of the RSUs held by him), of approximately 42.7% of the outstanding shares of GT, and voting control over approximately 72.5%.\n\nMr. Lacavera continues to hold the shares of GT that he currently owns through Globalive Capital, and intends to hold any Normal Course Shares he purchases, for investment purposes. Mr. Lacavera does not have any plans related to any of the items enumerated in the list contained in Item 5 of Form 62-103F1 other than his intention to purchase the Normal Course Shares. Apart from the purchase of Normal Course Shares, Mr. Lacavera (either directly or through Globalive Capital) may, from time to time and depending on market and other conditions, acquire additional shares of GT through market transactions, private agreement or otherwise.\n\nAn early warning report will be filed by Mr. Lacavera in accordance with applicable s...