Rick Rogers

October 02, 2013 16:00 ET

Rick Rogers Files Early Warning Report for Gideon Capital Corp.

TORONTO, ONTARIO--(Marketwired - Oct. 2, 2013) - Rick Rogers (the "Offeror"), a director of Gideon Capital Corp. (the "Corporation") (TSX VENTURE:GOL.P), a capital pool company, announced that on September 30, 2013 he acquired ownership of 1,500,000 common shares (the "Purchased Shares") of the Corporation from Martin J. Doane for aggregate cash consideration of $75,000. The Purchased Shares are subject to the terms of an escrow agreement between the Corporation, Computershare Investor Services Inc. and certain shareholders of the Corporation, which was entered into in connection with the initial public offering completed by the Corporation (the "Escrow Agreement"), and will remain in escrow in accordance with the terms of the Escrow Agreement.

The Purchased Shares represented 12% of the outstanding common shares of the Corporation.

The common shares of the Corporation are listed on the TSX Venture Exchange.

The Purchased Shares were purchased by the Offeror for investment purposes. The Offeror may in the future take such actions in respect of his holdings in the Corporation as he may deem appropriate in light of the circumstances then existing, including the purchase of additional common shares or other securities of the Corporation through open market purchases or privately negotiated transactions or the sale of all or a portion of the Offeror's holdings in the open market or in privately negotiated transactions to one or more purchasers, subject in each case to applicable securities laws.

The Purchased Shares are subject to the terms of the Escrow Agreement, and will remain in escrow in accordance with the terms of the Escrow Agreement and may not be transferred, sold, assigned, mortgaged or otherwise dealt with in any way by the Offeror except as permitted under the terms of the Escrow Agreement.

The Offeror has filed a report under National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will appear with the Corporation's documents on the SEDAR website at www.sedar.com.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Rick Rogers
    c/o Gideon Capital Corp.
    36 Lombard Street, Suite 700
    Toronto, Ontario M5C 2X3
    (604) 484-5761