Early Warning Report Filed Pursuant to National Instrument 62-103 for the Disposition of Common Shares of Quantum International Income Corp.
TORONTO, Dec. 07, 2018 (GLOBE NEWSWIRE) -- Mr. Anil Damani has entered into an agreement to dispose of, through arrangements facilitated by Cormark Securities Inc., 5,225,500 common shares ("Common Shares") of Quantum International Income Corp. (the "Corporation") at a price of C$0.98 per Common Share for aggregate gross proceeds of C$5,120,990 (the "Transaction").
Immediately prior to the Transaction, Mr. Damani exercised control or direction over 8,158,348 Common Shares or approximately 11.4% of the issued and outstanding Common Shares. Immediately following the Transaction, Mr. Damani now exercises control or direction over 2,932,848 Common Shares, or approximately 4.1% of the issued and outstanding Common Shares, representing a decrease of 7.3%.
The Transaction was completed by Mr. Damani for investment purposes. Mr. Damani may increase or reduce his investment in the Corporation according to market conditions or other relevant factors.
This news release is being disseminated as required by National Instrument 62-103 ? The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of an early warning report by Mr. Damani (the "Early Warning Report"). A copy of the Early Warning Report is available on SEDAR under the Corporation's issuer profile at www.sedar.com, or may be obtained by contacting Mr. Damani's counsel by (i) mail addressed to James Clare c/o Bennett Jones LLP, One First Canadian Place, Suite 3400, P.O. Box 130, Toronto, Ontario, M5X 1A4, Canada, or (ii) telephone at (416) 777-6245.
The Corporation's head office is located at: 79 Wellington Street West, Suite 1630, P.O. Box 138, Toronto, Ontario, M5K 1H1, Canada.
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