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SSC Security Services Corp Ordinary Shares V.INP


Primary Symbol: INPCF

SSC Security Services Corp is a leading provider of physical and cyber security services to corporate and public sector clients across Canada.


OTCPK:INPCF - Post by User

Comment by pienteron Jul 22, 2017 5:25pm
95 Views
Post# 26498373

RE:Mngmnt selling options

RE:Mngmnt selling options
Bywrong,
Management has indeed taken over a package of shares from a Investment funds , but not as you make it appear. It is not Input Capital that bought this package, and certainly not with borrowed money, it is the 3 investment companies of Doug, Brad and Gord who have taken over this package. That they are making a loan for it, speaks of trust.


Regina, Saskatchewan, April 18, 2017 – Doug Emsley, Chairman, President and Chief Executive Officer of Input Capital Corp. (the "Corporation" or "Input") (TSX Venture: INP) (US: INPCF) and Emsley & Associates (2002) Ltd. ("Emsley & Associates"), a corporation which is owned 50% by Mr. Emsley and 50% by Tamara Krueger Emsley, have announced that today, Emsley & Associates acquired from XL Value Offshore LLC ("XLVO") 3,000,000 common shares of the Corporation representing approximately 3.7% of the outstanding common shares (the "E&A Transaction").   
 
Contemporaneously with the E&A Transaction, the Farquhar Family Trust (the "Farquhar Trust"), the sole trustee of which is Brad Farquhar, Executive Vice-President and Chief Financial Officer of Input, has separately acquired from XLVO 750,000 common shares of the Corporation, and Dalhousie Capital Corp. ("Dalhousie"), a corporation controlled by Gord Nystuen, Vice-President, Market Development of Input, has separately acquired from XLVO 500,000 common shares of the Corporation.   
 
In the aggregate, XLVO has sold 4,250,000 common shares of Input representing approximately 5.2% of the outstanding common shares (the "XLVO Transaction").  The common shares were acquired by each of Emsley & Associates, the Farquhar Trust and Dalhousie in their respective transactions at a price of $1.80 per share.  The aggregate acquisition price of Emsley & Associates is $5,400,000, of the Farquhar Trust is $1,350,000, and of Dalhousie is $900,000, representing aggregate consideration to XLVO of $7,650,000, which amounts were financed by XLVO pursuant to loan agreements entered into with each of Emsley & Associates, the Farquhar Trust and Dalhousie.   
 
Each of Mr. Emsley and Emsley & Associates, Mr. Farquhar and the Farquhar Trust, and Mr. Nystuen and Dalhousie, respectively, acted independently with respect to these transactions.  None of Mr. Emsley and Emsley & Associates, Mr. Farquhar and the Farquhar Trust, and Mr. Nystuen and Dalhousie, respectively, has any agreement, commitment or understanding with any other of them with respect to the acquisition, ownership, control or direction of the common shares of the Corporation that are the subject to these transactions.
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