RE: Sedar Early Warning
Press Release
Acquisition of Shares of VIQ Solutions Inc.
for Investment Purposes
TORONTO, June 2, 2008 – Following the acquisition of 7,500 shares of VIQ Solutions
Inc. (the “Company”) on May 28, 2008, Jay Noronha, holds in his personal and family
accounts a total of 1,043,000 shares of the Company. Mr. Noronha, a registered Portfolio
Manager with Dundee Securities Corporation also exercises control or direction of
7,189,500 shares, in respect of client accounts managed by him on a discretionary basis
of the Company, following the acquisition of 67,000 shares on May 28, 2008 and ongoing
transfer of shares of the Company to managed accounts from non-managed
accounts. In aggregate, Mr. Noronha owns and/or exercises control or direction over a
total of 8,232,500 shares of the Company, representing approximately 10.342% of the
outstanding shares of the Company.
The 7,500 shares were acquired in the ordinary course of the Offeror’s investment
activities in respect of the Offeror’s personal and family holdings, for personal
investment purposes. The 67,000 shares were acquired in the ordinary course of the
Offeror’s investment activities on behalf of clients, for investment purposes. The Offeror
may purchase or sell shares of the Company in the future on the open market or in private
offerings, depending on market conditions and other factors material to the Offeror’s
investment decisions. At no point of time did or does the Offeror intend to launch a
formal take-over bid or propose a transaction that could constitute a take-over bid.
For more information please contact, Mr. Louis Cavalaris, Vice President & Head of
Institutional Compliance, Dundee Securities Corporation at (416) 350-3057.