Counsel Corporation CXSNF

RE:RE:10% ownership insider

[lscfa]

Once it hit 10% ownership it had to divulge the info. The bigger question is why buy the additional shares to trip the 10% insider position. Why not stay below 10% and hidden?     

TheRevenant2016 wrote:

why would fmci announce they bought 300 shares for a purchase value of $357.00?
that's some wierd, ridiculousness. It cost like $1000 to put a NR out
on Canadian Newswire Services. CRAZINESS!

lscfa wrote:

FCMI Parent Co. Acquires Additional Street Capital Shares

TORONTO, April 27, 2017 /CNW/ - FCMI Parent Co. ("FCMI Parent") announced today that it has acquired an additional 300 common shares of Street Capital Group Inc. ("Street Capital").  The common shares were acquired at a price of $1.19 per share through the facilities of the Toronto Stock Exchange for an aggregate purchase price of $357.

As a result of the acquisition, FCMI Parent now owns and controls 251,700 common shares, representing 0.21% of the outstanding common shares of Street Capital.  FCMI Financial Corporation and Pan Atlantic Bank and Trust Limited, joint actors of FCMI Parent, own 3,703,701 and 8,456,750 common shares, respectively, representing 3.05% and 6.96% of the outstanding common shares of Street Capital.  Together, FCMI Parent and its joint actors own and control  12,412,151 common shares, representing 10.21% of the outstanding common shares of Street Capital.

FCMI Parent or any of its joint actors may, in the future and subject to applicable law, acquire or dispose of common shares or other securities of Street Capital depending upon a number of factors, including but not limited to general market and economic conditions and other available investment opportunities.

SOURCE FCMI Parent Co.  
 

For further information: or to obtain copy of the early warning report filed by FCMI Parent, please contact Dan Scheiner at [phone]. FCMI Parent Co., Brookfield Place, 181 Bay Street, Suite 250, Toronto, Ontario, M5J 2T3