QMX.V. NewsJust the ownership has dropped below 10 percent so owner does not need to report any dealing around takeover bids
time to buy
2.2 State the date of the transaction or other occurrence that triggered the requirement to file this report and briefly describe the transaction or other occurrence.
On or about July 16, 2019, QMX issued Common Shares from treasury (the "Issuance") which diluted the Acquiror's securityholding percentage in QMX to below 10% immediately after the Issuance. The decrease in the Acquiror's securityholding percentage in QMX arose solely as a result of the Issuance without any action being taken by the Acquiror, and the Acquiror is exempt from the early warning requirements pursuant to Section 6.1(2) National Instrument 62-103 – The Early Warning System and Related take-Over Bid and Insider Reporting Issues.
Following the Issuance, the resulting beneficial ownership of the Acquiror in respect of the class of securities of QMX that was the subject of the most recent report required to be filed by the Acquiror in respect of QMX under National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related take-Over Bid and Insider Reporting Issues has fallen below 10%. Accordingly, the Acquiror will no longer file insider reports in respect of its ownership of QMX's securities except as may be required by applicable law.