Early Warning Report press release in respect of Input Capital Corp.
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REGINA, July 19, 2013 /CNW/ - ACC Holdings Ltd. and Doug Emsley announce that ACC Holdings Ltd. acquired ownership or control, directly or indirectly, over 10,210,526 common shares ("Common Shares") in the capital of Input Capital Corp. (the "Corporation" or "Input", TSX Venture Exchange: INP) upon the exchange of 10,210,526 common shares of Input Capital Corp. (a predecessor private company), in connection with the completion of the Corporation's TSX Venture Exchange qualifying transaction (the "Qualifying Transaction"). ACC Holdings Ltd. now owns, controls or has direction over, directly or indirectly, an aggregate of 10,210,526 Common Shares, representing approximately 26.70% of the Corporation's outstanding Common Shares.
ACC Holdings Ltd. is controlled and directed by Doug Emsley, Director, President and Chief Executive Officer of Input. Doug Emsley's Common Shares are controlled and directed through Emsley & Associates (2002) Inc., which is owned 50% by Doug Emsley and 50% by Tamara Krueger Emsley, and which owns 68.5722% of ACC Holdings Ltd. Accordingly, Doug Emsley controls and directs all Common Shares held by ACC Holdings Ltd. by virtue of Emsley & Associates (2002) Inc.'s percentage holdings of ACC Holdings Ltd.
Additionally, Emsley & Associates (2002) Inc. owns, controls or has direction over, directly or indirectly, an aggregate of 368,420 Common Shares. Doug Emsley owns, controls or has direction over, directly or indirectly, an aggregate of 921,534 options to Common Shares. Accordingly, on a fully diluted basis, owns, controls or has direction over, directly or indirectly, an aggregate of 11,500,480 Common Shares, representing approximately 29.38% of the Corporation's outstanding Common Shares.
ACC Holdings Ltd. and Doug Emsley acquired the Common Shares for investment purposes and each may increase or decrease its ownership interest in the Corporation depending on, among other factors, market conditions. Each has no present intention to change its holdings of securities of the Corporation. The Common Shares are subject to escrow pursuant to the policies of the TSX Venture Exchange, and the terms of the escrow are more fully described in the Filing Statement of the Corporation.
The Common Shares were acquired through the issuance of Common Shares in connection with the Qualifying Transaction pursuant to which the Corporation issued one Common Share in exchange for each common shares of Input Capital Corp. (a predecessor private company). The consideration paid pursuant to the Qualifying Transaction was one Input Capital Corp. (a predecessor private company) common share for each Common Share that was amalgamation with a wholly owned subsidiary of the Corporation.
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 of accuracy of this news release.
SOURCE: Input Capital Corp.
For further information or to obtain a copy of the early warning report regarding the information contained in this news release, please contact Doug Emsley at:
Doug Emsley
Chairman, President and Chief Executive Officer
306.347.1024
[email protected]
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