Timelo Investment Management Inc.: Shareholder News Release

Toronto, Ontario (FSCwire) - Timelo Investment Management Inc. (“Timelo”) filed an early warning report on the date hereof (the “Early Warning Report”) advising of its control or direction over 25,000,000 common shares of MediaValet Inc. (the ”Issuer”), representing 10.83% of the 230,895,123 issued and outstanding common shares of the Issuer. The common shares of the Issuer are listed on the TSX Venture Exchange. However, the 25,000,000 common shares of the Issuer (the ”Shares”) were acquired from the treasury of the Issuer pursuant to a brokered and non-brokered private placement of common shares that was consummated by the Issuer on February 22, 2018 (the “Transaction”). The head office of the Issuer is 505 – 990 Homer Street, Vancouver, British Columbia, V6B 2W7.

The Shares were purchased for the Timelo Strategic Opportunities Fund and the JFT Strategies Fund (collectively, the “Funds”) for whom Timelo serves as portfolio manager. The aggregate purchase price of the Shares was C$1,500,000 (C$0.06 per share). As the Funds’ portfolio manager, Timelo has control or direction over the Shares.

Timelo has control or direction over the Shares which were purchased by the Funds for investment purposes. Timelo may, depending on market and other conditions, increase or decrease the Funds’ beneficial ownership of common shares of the Issuer, through market transactions, private agreements or otherwise. The Shares are subject to a hold period of four months from the date of the closing of the TransactionSubsequent to the closing of the Transaction, Timelo has not acquired or disposed of any common shares of the Issuer.

This press release is issued pursuant to the early warning requirements of National Instrument 62-103 and National Instrument 62-104, which also requires an Early Warning Report to be filed with the securities regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters. A copy of the Early Warning Report will appear under the Issuer’s profile on the SEDAR website at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the original release, please click here

Source: Timelo Investment Management Inc. (TSX Venture:MVP)

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