Genovese sells 5.5 million shares... STT shareholder Genovese sells 5.5 million shares
2015-07-16 14:04 ET - News Release
Mr. Bobby Genovese reports
HOLDINGS IN STT ENVIRO CORP.
On July 14, 2015, and July 15, 2015, Bobby Genovese sold 5,504,000 common shares of STT Enviro Corp., representing 10.6 per cent of the 47,595,525 issued and outstanding common shares of STT Enviro. As a result, for the purposes of applicable Canadian securities laws, the filer now has beneficial ownership of 3,346,000 common shares, which constitute approximately 7.0 per cent of the common shares of STT Enviro, calculated in accordance with applicable Canadian securities laws. Accordingly, the filer is no longer subject to the early warning reporting requirements under applicable Canadian securities laws with respect to STT Enviro.
The common shares were sold through the TSX Venture Exchange.
The securities are held by the filer for investment purposes. The filer intends to review his investment in STT Enviro on a continuing basis. Depending on various factors including, without limitation, STT Enviro's financial position and prospects, the price levels of the securities of STT Enviro, conditions in the securities markets, general economic and industry conditions, the filer's business or financial condition, and other factors and conditions the filer deems appropriate, the filer may in the future take such actions with respect to his investment in STT Enviro as the filer deems appropriate including, without limitation, acquiring, selling or otherwise disposing of securities of STT Enviro. In addition, the filer may formulate other purposes, plans or proposals regarding STT Enviro or any of its securities to the extent deemed advisable in light of general investment and trading policies, market conditions or other factors, or may change his intention with respect to any and all matters referred to in this release.
The issuance and filing of this release are not an admission that any entity named in this release owns or controls any securities described in this release or is a joint actor with another named entity.
A copy of the early warning report to be filed by the filer in connection with the information in this press release may be obtained from Stacey Vogel at 954-762-2223, extension 3.
The address of the filer is suite 203, Lauriston House, Lower Collymore Rock, St. Michael, Barbados