TSXV –
BN.H
VANCOUVER, Oct. 25, 2019 /CNW/ - Bluenose Gold Corp.
(TSXV – BN.H) (the "Company") has been advised that
Frank Giustra and his related
entities have disposed of an aggregate of 4,500,000 common shares
of the Company pursuant to a private transaction. As a result, Mr.
Giustra is no longer a 10% holder of the Company. Mr. Giustra will
file an early warning report in accordance with applicable
securities laws and thereafter he is not required to complete any
further regulatory filings in this regard. Prior to the
transactions, Mr. Giustra held directly and indirectly, and/or had
control over an aggregate of 14,118,500 common shares representing
13.32% of the Issuer and would have held 14,468,500 common shares,
representing 13.60% on a partially diluted basis. Following the
transactions, Mr. Giustra retains 9.07% ownership of the Company
through direct and indirect ownership and/or control over an
aggregate of 9,618,500 common shares of the Company and would own
9.37% on a partially diluted basis, assuming the exercise of the
350,000 incentive stock options currently held or controlled by
him.
The Company has been advised that Mr. Giustra and his related
entities hold these securities for investment purposes. Mr.
Giustra may in the future acquire or dispose of securities of the
Company, through the market, privately or otherwise, as
circumstances or market conditions warrant.
On behalf of BLUENOSE GOLD CORP.
"Raymond
Roland"
Chief Executive Officer
For further information please contact:
Joanna Vastardis
CFO & Corporate Secretary
Tel: 604.609.6125
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Bluenose Gold Corp.
