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Mackay Files Early Warning Report in Connection with Acquisition of Securities
Mackay Files Early Warning Report in Connection with Acquisition of Securities Can...
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[{"type":"text","content":"\n\n\n\nMackay 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/ - John Mackay, Executive Chairman 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. Mackay acquired the Securities pursuant to: (i) Mosaic's Securities Based Compensation Plan and Dividend Reinvestment Plan; (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; (iii) the issuance of convertible debentures pursuant to a prospectus supplement dated November 4, 2016 and the accompanying short form base shelf prospectus dated September 23, 2016 and (iv) the exercise of subscription privileges issued pursuant to a short form prospectus dated February 3, 2017.\n\nMr. Mackay is one of the trustees of M4 Trust, an affiliate of The Canada West Land & Petroleum Company, Limited (\"Canada West\"), and Mr. Mackay may be considered a joint actor in respect of M4 Trust.  M4 Trust is deemed to be a joint actor in respect of Canada West.  \n\nCanada West filed an early warning report on June 27, 2014 disclosing its acquisition of 1,631,692 Common Shares, which, together with the Common Shares then held by Mr. Mackay, represented approximately 22.6% of the issued and outstanding Common Shares. Since that early warning report filed by Canada West, Mr. Mackay has acquired 109,014 Common Shares, 44,888 options, 65,455 restricted share units (\"RSUs\") which are convertible into 65,455 Common Shares and debentures convertible into 11,111 Common Shares. Despite Mr. Mackay acquiring the Securities, due to Mosaic issuing a...