GSI News ...Gatekeeper's Dyment increases shareholdings in company
2020-05-05 17:40 ET - News Release
Mr. Douglas Dyment reports
GATEKEEPER ANNOUNCES 2.9M SHARE PURCHASE BY CEO
Gatekeeper Systems Inc.'s Doug Dyment, chief executive officer, has acquired 2,916,667 common shares of the company in a private transaction for an aggregate purchase price of $522,000 or approximately 17.9 cents per share.
Prior to completion of the acquisition, Mr. Dyment owned or controlled an aggregate of 6,914,125 Shares representing 7.78 per cent of the company's 88,825,145 issued and outstanding shares, and 2.5 million incentive stock options of the company.
After giving effect to the acquisition, Mr. Dyment owns or controls 9,830,792 shares representing 11.07 per cent of the issued and outstanding shares on a non-diluted basis, and 13.5 per cent of the issued and outstanding shares on a partially diluted basis, assuming exercise of Mr. Dyment's options only.
The shares were acquired for investment purposes. In the future, Mr. Dyment may increase of decrease his shareholdings from time to time depending on market conditions or other related factors.
This news release is being issued as required by National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report can be obtained at SEDAR under the company's profile or by contacting the company.
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