C. Michael O'Brian

October 17, 2014 18:46 ET

O'Brian Group Disposes of Securities of Unisync Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 17, 2014) - C. Michael O'Brian wishes to announce that one of the entities that may be considered joint actors (the "O'Brian Group") has disposed of a total of 241,500 Class A Restricted Equity Shares ("Class A Shares") and 60,000 Class B Voting Common Shares ("Class B Shares") of Unisync Corp. ("Unisync") through the facilities of the TSX Venture Exchange at a price of $1.60 per share.

The O'Brian Group consists of C. Michael O'Brian, Nairbo Family Trust, Nairbo Investments Inc. and Michael O'Brian Family Foundation. The issuance of this news release is not an admission that any of the O'Brian Group are in fact joint actors.

Following the disposition, the O'Brian Group owns 1,421,245 Class A Shares and 245,447 Class B Shares of Unisync, which represents approximately 14.5% of the outstanding Class A Shares and 10.9% of the outstanding Class B Shares of Unisync. The O'Brian Group also owns options to acquire an additional 50,000 Class A Shares of Unisync at an exercise price of $1.00 per share.

The Class A Shares and Class B Shares were disposed of in order to finance the charitable commitments of the Michael O'Brian Family Foundation.

Contact Information

  • For further information,
    or a copy of the early warning report
    filed in respect of the above, please contact:
    C. Michael O'Brian
    Tel: (604) 569-0224