New Guy at DWM SecuritiesJay Noronha has moved on and there is a new guy holding all of those VQS shares on behalf of DWM. I wonder if this will signal a change in the approach of DWM towards VQS. Better hope they don't start dumping all of those shares into the open market.....
Company News Alert
Acquisition of Shares of VIQ Solutions Inc. for Investment Purposes (cnw)
TORONTO, Sept. 15, 2011 /CNW/ - Following the departure of Jay Noronha from DWM Securities Inc., Doug Stone (the "Offeror"), a Registered Portfolio Manager with DWM Securities Inc. who has been appointed interim servicing advisor for Jay Noronha's former discretionary client accounts, acquired control or direction over 14,545,055 common shares (the "Common Shares") of VIQ Solutions Inc. (the "Company"), representing approximately 16.49% of the total outstanding Common Shares, and 1,500,000 warrants (the "Warrants") that, if exercised, together represent approximately 17.89% of the total outstanding Common Shares.
In aggregate, the Offeror owns or exercises control or direction over a total of 15,851,055 Common Shares representing approximately 17.98% of the total outstanding Common Shares and 1,500,000 Warrants that, if exercised, together represent approximately 19.35% of the total outstanding Common Shares.
Each whole Warrant is exercisable for one Common Share at a price of
.65 per Common Share, expiring on January 20, 2012.
For further information:
Moira Simo, VP Compliance at 416-350-5049.