VANCOUVER, Dec. 20, 2017 /CNW/ - Golden Secret
Ventures Ltd. (the "Company") (TSXV:GGS)
has been advised of recent transactions by Frank Giustra and his related entities pursuant
to the early warning requirements of applicable securities laws in
Canada with respect to his
security holdings in the Company.
Pursuant to the exercise of 2,000,000 share purchase warrants,
Frank Giustra acquired 500,000
common shares of the Company and donated 1,500,000 common shares to
a charitable organization.
Prior to this transaction, Mr. Giustra held, directly and
indirectly and exercised control over, an aggregate of 3,665,000
common shares representing 12.51% of the issued and outstanding
shares of the Company and would hold, directly and indirectly and
exercise control over, 5,715,000 common shares representing 18.23%
of the issued and outstanding shares on a partially diluted basis
assuming the exercise of 2,000,000 share purchase warrants and
50,000 stock options. Immediately after this transaction, Mr.
Giustra holds, directly and indirectly and exercises control over,
an aggregate of 4,165,000 common shares representing 13.31% of the
issued and outstanding common shares of the Company and would hold,
directly and indirectly and exercise control over, 4,215,000 common
shares representing 13.45% of the issued and outstanding shares on
a partially diluted basis assuming the exercise of 50,000 stock
options.
Mr. Giustra and his related entities acquired these securities
for investment purposes and, as disclosed in the Early Warning
Report filed on SEDAR, Mr. Giustra and his related entities may, in
the future, acquire or dispose of securities of the Company through
the market, privately or otherwise, as circumstances or market
conditions warrant.
For additional information, or for a copy of the Early Warning
Report filed in respect of the above transaction, please contact
the Corporate Secretary of the Company at (604) 609-6125.
ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDEN SECRET VENTURES LTD.
"Christy Louth"
DIRECTOR
Neither 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.
This new release may contain forward-looking
statements. These statements are based on current
expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of
factors discussed in the management discussion and analysis section
of our interim and most recent annual financial statement or other
reports and filings with the TSX Venture Exchange and applicable
Canadian securities regulations. We do not assume any
obligation to update any forward-looking statements except as
required by law.
SOURCE Golden Secret Ventures Ltd.