CALGARY, April, 13, 2018 /CNW/
- Harold Kunik, President of Mosaic
Capital Corporation ("Mosaic") (TSX-V Symbols: M and M.DB),
has filed an early warning report in accordance with National
Instrument 62-103 The Early Warning System and Related Take Over
Bids and Insider Reporting Issues, in connection with various
acquisitions of securities of Mosaic (the "Securities").
Mr. Kunik acquired the Securities pursuant to: (i) Mosaic's
Securities Based Compensation Plan; and (ii) the conversion of
options issued pursuant to a plan of arrangement under the
Business Corporations Act (Alberta) among Mosaic Diversified Income Fund,
First West Properties Ltd., its securityholders, and Mosaic.
Mr. Kunik is one of the trustees of C-Growth Trust, an affiliate
of Alph Investment Corporation ("Alph"), and Mr. Kunik may
be considered a joint actor in respect of C-Growth Trust. C-Growth
Trust is deemed to be a joint actor in respect of
Alph.
Alph filed an early warning report on June 27, 2014 disclosing its acquisition of
1,550,107 Common Shares, which, together with the Common Shares
then held by Mr. Kunik, represented approximately 20.6% of the
issued and outstanding Common Shares. Since that early warning
report filed by Alph, Mr. Kunik has acquired 119,783 Common Shares
and 9,434 options. Despite Mr. Kunik acquiring the Securities, due
to Mosaic issuing additional Common Shares since the early warning
report filed by Alph, the aggregate percentage of the issued and
outstanding Common Shares held by Mr. Kunik and Alph has decreased
by approximately 3.5%, from 20.6% to 17.1%.
Mr. Kunik acquired the Securities as follows: 41,580 Common
Shares at a price of $3.25 per Common
Share through the exercise of options on November 11, 2015; 12,922 Common Shares through
the conversion of restricted share units ("RSUs") on
March 1, 2016; 15,152 Common Shares
through the conversion of RSUs on March 8,
2016; 7,777 Common Shares through the conversion of RSUs on
May 9, 2016; 7,363 Common Share
through the conversion of RSUs on April 6,
2017; 13,986 Common Shares at an exercise price of
$4.23 per Common Share through the
exercise of options on April 6, 2017;
13,986 Common Shares at an exercise price of $4.23 per Common Share through the exercise of
options on April 2, 2018; 7,017
Common Shares through the conversion of RSUs on April 2, 2018; and 28,302 options issued on
April 12, 2017 pursuant to the
Issuer's Securities Based Compensation Plan, of which 9,434 have
vested or will vest within 60 days.
Alph has not changed its securityholdings in Mosaic since its
last early warning report, resulting in the percentage of the
issued and outstanding Common Shares held by Alph to decrease by
approximately 4.36%, from 18.97% to 14.61%.
The Securities were acquired by the Acquiror for investment
purposes.
SOURCE Harold Kunik