Early warning PR today showing shares issued [ announced earlier] for acquisition of participation in projects by directors .
"2015-07-02 16:02 CT - News Release
Shares issued 51,534,402
GNM Close 2015-06-30 C$ 0.015
Mr. Joe Wowk reports
EARLY WARNING REPORT
Timothy Marlowe of 789 West Pender St., suite 1220, Vancouver, B.C., has acquired ownership and control of 17 million common shares of GeoNovus Media Corp. as part of a revenue participation agreement.
The 17,000,000 Common Shares acquired by Mr. Marlowe in addition to existing holdings of shares, warrants or stock options in the capital of GeoNovus represent 13.9% of GeoNovus' issued and outstanding common shares on a non-diluted basis or 14.3% of GeoNovus' issued and outstanding common shares, calculated on a partially-diluted basis assuming the exercise of the Mr. Marlowe's stock options.
After giving effect to the acquisition referred to above, Mr. Marlowe beneficially owns a total of 17,000,000 Shares and 500,000 stock options, which collectively represent 14.3% of the Company's issued and outstanding common shares, calculated on a partially-diluted basis assuming the exercise of Mr. Marlowe's stock options.
This press release is being disseminated as required by National Instrument 62-103, The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report"). A copy of the Early Warning Report may be found on www.sedar.com under the Company's profile.
GEONOVUS MEDIA CORP. (GNM - TSX.V) ("GeoNovus" or the "Company") Gabriel Napora ("Mr. Napora") c/o 1220 - 789 West Pender Street, Vancouver, BC, announces he has acquired ownership and control of 17,000,000 common shares ("Shares") of GeoNovus Media Corp. ("GeoNovus") as part of a Revenue Participation Agreement (the "Agreement").
The 17,000,000 Common Shares acquired by the Mr. Napora in addition to existing holdings of shares, warrants or stock options in the capital of GeoNovus represent 13.9% of GeoNovus' issued and outstanding common shares on a non-diluted basis or 14% of GeoNovus' issued and outstanding common shares, calculated on a partially-diluted basis assuming the exercise of Mr. Napora's stock options.
After giving effect to the acquisition referred to above, Mr. Napora beneficially owns a total of 17,000,000 Shares and 100,000 stock options, which collectively represent 14% of the Company's issued and outstanding common shares, calculated on a partially-diluted basis assuming the exercise of Mr. Nopora's stock options.
This press release is being disseminated as required by National Instrument 62-103, The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report"). A copy of the Early Warning Report may be found on www.sedar.com under the Company's profile."
