GREY:LEDIF - Post by User
Comment by
Kimsamkeson Oct 11, 2017 8:33am
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Post# 26798154
RE:LMD - POLAR ASSET MANAGMENT HOLD OVER 17% OF LMD SHARES
RE:LMD - POLAR ASSET MANAGMENT HOLD OVER 17% OF LMD SHARES ITEM 3 – INTEREST IN SECURITIES OF THE REPORTING ISSUER
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3.1 State the designation and the net increase or decrease in the number or principal amount of securities, and in the eligible institutional investor’s securityholding percentage in the class of securities, since the last report filed by the eligible institutional investor under Part 4 or the early warning requirements.
Since the last report dated September 8, 2017, there has been a net increase of 1,000,000 Shares over which Polar, on behalf of client accounts over which it has discretionary trading authority, exercised control or direction, representing a net increase of 0.26% of all outstanding Shares.
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3.2 State the designation and number or principal amount of securities and the eligible institutional investor’s securityholding percentage in the class of securities at the end of the month for which the report is made.
As at September 30, 2017, Polar, on behalf of client accounts over which it has discretionary trading authority, exercised control or direction over 51,000,000 Shares and 18,333,333 warrants (each whole warrant being exercisable for a period of 24 months into one Share at a price of $0.10 per Share), representing approximately 17.68% of the issued and outstanding Shares (assuming conversion of any convertible securities into such Shares).
The foregoing percentage was calculated based on 373,833,872 Shares outstanding as at August 16, 2017 pursuant to the information set out in the Issuer’s Management Discussion and Analysis for the three and six months ended June 30, 2017 dated as of August 16, 2017.