RE:Insider Data Updated = NICE TORONTO, June 9, 2020 /CNW/ - Kernwood Limited ("Kernwood") reported pursuant to the "Early Warning Requirements" of Ontario's securities laws that it purchased 129,900 common shares ("Exco Shares") in the capital of Exco Technologies Limited ("Exco") on June 9, 2020 in normal course transactions on the Toronto Stock Exchange with the result that Kernwood, together with its shareholders and related family members, collectively own 6,314,600 Exco Shares representing approximately 15.2792% of the total outstanding Exco Shares. The 129,900 Exco Shares were purchased at an average of $6.9212 per Exco Share, for an aggregate of $899,063.88.
An officer, director or shareholder of Kernwood also holds deferred share units to acquire up to 28,428 Exco Shares.
Kernwood is a private holding company that invests in securities of private and public companies.
The acquisition of the Exco Shares by Kernwood was undertaken for investment purposes. Kernwood does not have any current plans or future intentions to buy or sell further Exco Shares, to solicit proxies or to otherwise participate in any significant transaction involving Exco. Kernwood intends to review its investment on a continuing basis. Depending on various factors, Kernwood may in the future purchase or sell securities or engage in other activities relating to Exco.
Kernwood's head office is located at 75 Wellington St. W., TD South Tower, Suite 605, P.O. Box 346, TD Centre, Toronto, Ontario M5K 1K7.