Gatekeeper Announces 2.9M Share Purchase by CEO
Abbotsford, BC – May 5, 2020 – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a leading provider of intelligent video solutions for public transport and smart cities, announces that Doug Dyment, CEO of Gatekeeper, has acquired, as trustee of the Dyment Family Trust, 2,916,667 common shares (“Shares”) of Gatekeeper in a private transaction for an aggregate purchase price of $522,000 or approximately $0.179 per Share (the “Acquisition”).
Prior to completion of the Acquisition, Mr. Dyment owned or controlled an aggregate of 6,914,125 Shares representing 7.78% of the Company’s 88,825,145 issued and outstanding Shares, and 2,500,000 incentive stock options (the “Options”) of the Company.
After giving effect to the Acquisition, Mr. Dyment owns or controls 9,830,792 Shares representing 11.07% of the issued and outstanding Shares on a non-diluted basis, and 13.5% of the issued and outstanding Shares on a partially diluted basis, assuming exercise of Mr. Dyment’s Options only.
The Shares were acquired for investment purposes. In the future, Mr. Dyment may increase of decrease his shareholdings from time to time depending on market conditions or other related factors.
This news release is being issued as required by National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
A copy of the Early Warning Report can be obtained at SEDAR.com under the Company’s profile or by contacting the Company.
President & CEO
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.