Gamehost Inc.
TSX : GH

Gamehost Inc.

September 06, 2012 20:20 ET

Darcy Will Acquires 600,000 Gamehost Shares From David Will

CALGARY, ALBERTA--(Marketwire - Sept. 6, 2012) - Pursuant to the requirements of Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids ("MI 62-104") adopted by the Canadian Securities Administrators, Gamehost Inc. (TSX:GH) ("Gamehost"), on behalf of Darcy J. Will, the Vice President, Secretary and a director of Gamehost, announces that Darcy J. Will, through a holding company controlled by him, has acquired indirect beneficial ownership, direction and control over an additional 600,000 common shares of Gamehost, representing approximately 2.7% of the issued and outstanding common shares of Gamehost. Darcy J. Will now beneficially owns, directly or indirectly, or exercises control or direction over, an aggregate of 3,318,800 common shares of Gamehost, representing approximately 14.9% of the issued and outstanding common shares of Gamehost. Darcy J. Will, indirectly through his holding company, acquired these additional shares in a private transaction from DJ Will Holdings Limited, a company controlled by his father, David J. Will, for a price of $11.75 per share. Darcy J. Will acquired these shares for investment purposes and may acquire additional shares of Gamehost from time to time. Since the vendor in the transaction, David J. Will is a "control person" of Gamehost under applicable Canadian securities laws, the parties relied on the exemptions from the prospectus requirements contained in sections 2.5 and 2.24 of NI 45-106 to effect this transaction.

Also pursuant to the requirements of MI 62-104, Gamehost announces, on behalf of David J. Will, the President, Chief Executive Officer and a director of Gamehost, that David J. Will acquired beneficial ownership, direction and control over an additional 60,000 common shares of Gamehost on the Toronto Stock Exchange at a price of $11.06 per share. Immediately following the acquisition, David beneficially owned, directly or indirectly, or exercised control or direction over, an aggregate of 6,613,100 common shares of Gamehost, representing approximately 31% of the issued and outstanding common shares of Gamehost as at December 16, 2011. David Will acquired these shares for investment purposes and may acquire additional shares of Gamehost from time to time. David J. Will now beneficially owns, directly or indirectly, or exercises control or direction over, an aggregate of 5,987,700 common shares of Gamehost, representing approximately 27% of the issued and outstanding common shares of Gamehost.

For further information or for a copy of the reports required to be filed on SEDAR by Darcy J. Will and David J. Will under MI 62-104, contact the persons listed below.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • Gamehost Inc.
    Darcy J. Will
    Vice President
    (403) 346-4545
    (403) 340-0683 (FAX)

    Gamehost Inc.
    David J. Will
    President and Chief Executive Officer
    (403) 346-4545
    (403) 340-0683 (FAX)

    Gamehost Inc.
    548C (2nd Floor), Laura Avenue
    Red Deer County, Alberta T4E 1B9
    info@gamehost.ca