TORONTO, July 23, 2018 /CNW/ - Anthony Lacavera, through his holding company
Globalive Capital, amends his previously-filed early warning report
to announce his intention, subject to market and other conditions,
to make normal course purchases of common shares (the "Normal
Course Shares") of Globalive Technology ("GT") (TSXV:
LIVE).
Immediately before and after filing this report, Mr. Lacavera
owned and controlled (through Globalive Capital) 56,472,922 shares
of GT. In addition, Mr. Lacavera holds 1,575,000 options to
purchase shares of GT and 1,575,000 restricted share units
("RSUs"), each of which entitles the holder to receive one
share of GT upon settlement. In addition, through voting
agreements with various parties, Mr. Lacavera and Globalive Capital
have voting control, but not ownership, over an additional
41,672,528 shares of GT. Mr. Lacavera therefore has ownership
and control, on a partially diluted basis (assuming exercise of the
options and settlement of the RSUs held by him), of approximately
42.7% of the outstanding shares of GT, and voting control over
approximately 72.5%.
Mr. Lacavera continues to hold the shares of GT that he
currently owns through Globalive Capital, and intends to hold any
Normal Course Shares he purchases, for investment
purposes. Mr. Lacavera does not have any plans related to any
of the items enumerated in the list contained in Item 5 of Form
62-103F1 other than his intention to purchase the Normal Course
Shares. Apart from the purchase of Normal Course Shares, Mr.
Lacavera (either directly or through Globalive Capital) may, from
time to time and depending on market and other conditions, acquire
additional shares of GT through market transactions, private
agreement or otherwise.
An early warning report will be filed by Mr. Lacavera in
accordance with applicable securities laws. To obtain a copy of the
early warning reports, please contact Mr. Simon Lockie, Globalive Technology Inc. (48
Yonge Street, Suite 1200, Toronto ON
M5E 1G6, 416.204.0263).
About Globalive Technology Inc.
Globalive Technology
is a next generation software company and venture partner that is
developing and investing in innovative solutions to disrupt
traditional industries using primarily AI, IoT and blockchain
technology. The company forms partnerships with leading high growth
companies to co-develop artificial intelligence and blockchain
technology stacks. It is controlled by Globalive Capital Inc. which
has founded and co-founded 12 businesses over the past 20 years
with 6 successful exits ranging from $10M to $1.3B USD.
It has also made over 100 venture investments and has over 45
technology companies in its portfolio. For more information, visit
www.globalivetech.com.
For press and media inquiries:
Rob Moysey
Communications Manager, Globalive
Media@globalivetech.com
For investor inquiries:
Laura Welsh
Account Manager, Renmark Financial Communications
InvestorRelations@globalivetech.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Globalive Technology
