NEW YORK, May 15, 2018 (GLOBE NEWSWIRE) -- This release is being made by Global X Management Company, LLC (“GX”) to report historical information concerning holdings in Laramide Resources (the “Issuer”).
On August 28, 2017, GX acquired from an arm’s length third party 68,500 common shares (the “Shares”) of the Issuer on behalf of Global X Uranium ETF, an exchange traded fund managed by GX (the “GX ETF”), via a trade on the Toronto Stock Exchange (“First Reportable Event”) at a price per Share of CAD $0.2943 for aggregate cash consideration of CAD $20,159.55. As a result of this acquisition of the Shares, as at August 28, 2017, GX may be considered, under applicable Canadian securities laws, to have had control or direction over 11,494,655 Shares of the Issuer on behalf of the GX ETF, which constituted approximately 10.0% of the issued and outstanding Shares of the Issuer, calculated as at such date in accordance with applicable Canadian securities laws.
Subsequently, on December 11, 2017, GX acquired from an arm’s length third party 210,339 Shares of the Issuer on behalf of the GX ETF, via a private in-kind transaction in exchange for shares of the GX ETF (“Second Reportable Event”) at a price per Share equivalent to CAD $0.53 for aggregate consideration equal to CAD $11,150.67. Immediately prior to this acquisition of Shares, GX had control or direction over 13,774,360 Shares of the Issuer on behalf of the GX ETF which constituted approximately 11.9% of the issued and outstanding Shares of the Issuer, calculated as at such date in accordance with applicable Canadian securities laws. Immediately following this acquisition of Shares, as at December 11, 2017, GX may be considered, under applicable Canadian securities laws, to have had control or direction over 13,984,759 Shares of the Issuer on behalf of GX ETF which constituted approximately 12.1% of the issued and outstanding Shares of the Issuer, calculated as at such date in accordance with applicable Canadian securities laws.
All transactions referred to in this release were conducted either on the Toronto Stock Exchange or via in-kind transactions into the GX exchange traded fund. The Issuer is a reporting issuer under applicable Canadian securities laws and the Shares are listed on the Toronto Stock Exchange.
For the periods that GX may be considered, under applicable Canadian securities laws, to have had control or direction over 10% or more of the Shares of the Issuer as described herein (the “Relevant Periods”), the securities that are the subject of this release were acquired, and were held for, investment purposes only and not for the purpose of exercising control or direction over the Issuer. The acquisitions were made in the ordinary course of GX’s investment activities. During the Relevant Periods, GX did not have any plan or proposal which related to, or would have resulted in GX acquiring additional ownership or control over the securities of the Issuer, other than in the ordinary course of business of GX. During the Relevant Periods, GX’s decisions as to whether to acquire or dispose of securities of the Issuer were dependent on GX ETF investor activity and other factors material to the investment decision, such as Index weighting.
In addition, for informational purposes only, GX reports that as at May 14, 2018, GX may be considered, under applicable Canadian securities laws, to have control or direction over 15,555,029 Shares of the Issuer on behalf of GX ETF which constituted approximately 13.2% of the issued and outstanding Shares of the Issuer calculated as at such date in accordance with applicable Canadian securities laws.
For more information, or for a copy of the report filed under applicable Canadian securities laws by GX in connection with the transactions referred to in this press release, please contact Joseph Costello, Chief Compliance Officer of GX at 646-545-2204.
The address of GX is:
600 Lexington Ave, 20th Floor, New York, New York, U.S.A., 10022
