Business
Founder and CEO Marc Anthony Venere Increases Investment in MAV Beauty Brands
Founder and CEO Marc Anthony Venere Increases Investment in MAV Beauty Brands Cana...
About this update from Maverick Gold And Silver Corporation
[{"type":"text","content":"\n\n\n\nFounder and CEO Marc Anthony Venere Increases Investment in MAV Beauty Brands\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\nCONCORD, ON, Nov. 20, 2019\n\n\n\nCONCORD, ON, Nov. 20, 2019 /CNW/ - Wynstar Enterprise Inc. (\"Wynstar\"), a holding investment company controlled by Marc Anthony Venere, founder and Chief Executive Officer of MAV Beauty Brands Inc. (\"MAV Beauty Brands\"), a global personal care company, is pleased to announce that on November 19, 2019, it acquired ownership of an aggregate of 2,382,385 common shares of MAV Beauty Brands (\"Common Shares\"). \n\"My additional investment today reflects my long-term commitment to MAV Beauty Brands and my continued belief that its business fundamentals and brands remain strong,\" said Marc Anthony Venere. \nThe Common Shares were acquired in an off-market transaction facilitated by a Canadian dealer-broker, as agent, at a price of $2.40 per Common Share and an aggregate purchase price of $5,717,724. Marc Anthony Venere, through Wynstar, has acquired the Common Shares for investment purposes and may acquire further Shares, or dispose of his holdings, both as investment conditions warrant. The Common Shares acquired by Wynstar represent approximately 6.47% of the presently issued and outstanding Common Shares and approximately 6.41% of the equity and voting rights attaching to all of MAV Beauty Brand's Shares (on a non-diluted basis).\nImmediately prior to the acquisition, Wynstar held 601,000 Common Shares and no proportionate voting shares (together with the Common Shares, the \"Shares\") of MAV Beauty Brands.  MAE (2016) Inc. (\"MAE\"), another holding investment company controlled by Marc Anthony Venere, owned 7,401,817 Common Shares. In addition, Marc Anthony Venere held 1,721,170 options to acquire Common Shares, each option exercisable for one Common Share (each an \"Option\"), 25% of which (430,292) had vested as of the date hereof (the \"Vested Options\"), and no proportionate voting shares. The Common Shares held by MAE and Wynstar, together with the Vested Options, repr...