Historical transactions by CI Investments Inc.
TORONTO, March 29, 2019 /CNW/ - CI Investments Inc. ("CI") reported today, on behalf of one of its business units and a predecessor company (together, the "Investment Managers"), several historical transactions undertaken by the Investment Managers.
On November 20, 2017, Sentry Investments Inc. ("SII"), a predecessor company of CI, disposed of, on behalf of accounts and investment funds managed by it, 12,228,045 common shares of Scorpio Gold Corporation ("Scorpio"), a company with a head office location at Suite 506, 595 Howe Street, Vancouver, BC V6C 2T5, resulting in a 9.79% decrease in its securityholding percentage. Immediately before the disposition, SII held 19,786,045 common shares of Scorpio, representing approximately 15.84% of the issued and outstanding common shares. Immediately after the disposition, SII held 7,558,000 common shares of Scorpio, representing approximately 6.05% of the issued and outstanding common shares. The common shares were sold on TSX Venture Exchange for $368,064.15 in total, at a price of $0.0301 per share.
On July 26, 2018, Sentry Investment Management ("Sentry"), a business unit of CI, acquired, on behalf of accounts and investment funds managed by it, 1,000,000 common shares of Havilah Mining Corporation ("Havilah"), a company with a head office location at 1055 West Hastings Street, Vancouver, BC V6E 2E9, resulting in a 3.80% increase in its securityholding percentage. Immediately before the acquisition, Sentry held 1,785,960 common shares of Havilah, representing approximately 6.79% of the issued and outstanding common shares. Immediately after the acquisition, Sentry held 2,785,960 common shares of Havilah, representing approximately 10.59% of the issued and outstanding common shares. The common shares were acquired on TSX Venture Exchange for $500,000 in total, at a price of $0.50 per share.
On October 23, 2018, Sentry disposed of, on behalf of accounts and investment funds managed by it, 5,474,000 common shares of Aurelius Minerals Inc. ("Aurelius"), a company with a head office location at Suite 1020, 625 Howe Street, Vancouver, BC V6C 2T6, resulting in a 5.77% decrease in its securityholding percentage. Immediately before the disposition, Sentry held 13,300,000 common shares, or securities convertible into common shares, of Aurelius, representing approximately 14.01% of the issued and outstanding common shares. Immediately after the disposition, Sentry held 7,826,000 common shares or securities convertible into common shares of Aurelius, representing approximately 8.25% of the issued and outstanding common shares. The common shares were sold on TSX Venture Exchange for $354,715 in total, at a price of $0.0648 per share.
The Investment Managers, on behalf of the accounts and investment funds managed by them, acquired or disposed of the securities for investment purposes.
An early warning report with respect to the transactions above will be filed today on the SEDAR profile of the applicable reporting issuers named above at www.sedar.com and may also be obtained by contacting CI Investments Inc. This news release is made by CI Investments Inc., on behalf of the Investment Managers, in reliance on sections 5.1 and 5.2 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Securities owned or controlled by other business units, affiliates or other investment funds have not been, or may not have been, disclosed.
About CI Investments - Trusted Partner in Wealth™
CI Investments is one of Canada's largest investment management companies. It offers a wide range of investment products and services, and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $174.0 billion in fee-earning assets as of February 28, 2019.
SOURCE CI Financial Corp.
Murray Oxby, Vice-President, Communications, CI Investments Inc., 416-681-3254, [email protected]
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