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Kunik Files Early Warning Report in Connection with Acquisition of Securities
Kunik Files Early Warning Report in Connection with Acquisition of Securities Cana...
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[{"type":"text","content":"\n\n\n\nKunik Files Early Warning Report in Connection with Acquisition of Securities\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\nCALGARY, April, 13, 2018\n\n\n\nCALGARY, April, 13, 2018 /CNW/ - Harold Kunik, President of Mosaic Capital Corporation (\"Mosaic\") (TSX-V Symbols: M and M.DB), has filed an early warning report in accordance with National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues, in connection with various acquisitions of securities of Mosaic (the \"Securities\"). \n\nMr. Kunik acquired the Securities pursuant to: (i) Mosaic's Securities Based Compensation Plan; and (ii) the conversion of options issued pursuant to a plan of arrangement under the Business Corporations Act (Alberta) among Mosaic Diversified Income Fund, First West Properties Ltd., its securityholders, and Mosaic.\n\nMr. Kunik is one of the trustees of C-Growth Trust, an affiliate of Alph Investment Corporation (\"Alph\"), and Mr. Kunik may be considered a joint actor in respect of C-Growth Trust. C-Growth Trust is deemed to be a joint actor in respect of Alph.  \n\nAlph filed an early warning report on June 27, 2014 disclosing its acquisition of 1,550,107 Common Shares, which, together with the Common Shares then held by Mr. Kunik, represented approximately 20.6% of the issued and outstanding Common Shares. Since that early warning report filed by Alph, Mr. Kunik has acquired 119,783 Common Shares and 9,434 options. Despite Mr. Kunik acquiring the Securities, due to Mosaic issuing additional Common Shares since the early warning report filed by Alph, the aggregate percentage of the issued and outstanding Common Shares held by Mr. Kunik and Alph has decreased by approximately 3.5%, from 20.6% to 17.1%.  \n\nMr. Kunik acquired the Securities as follows: 41,580 Common Shares at a price of $3.25 per Common Share through the exercise of options on November 11, 2015; 12,922 Common Shares through the conversion of restricted share units (\"RSUs\")  on March 1, 2016; 15,152 Common Shares through t...