ISLE OF PALMS, SC, June 10, 2014 /CNW/ - Robert B. Johnston ("Johnston") acquired ownership today of 23,000 Class B shares of GVIC Communications Corp. ("GVIC"), through the facilities of the Toronto Stock Exchange at a price of CDN $0.35 per share. After giving effect to the foregoing acquisition, Johnston owns 443,800 Class B shares of GVIC representing approximately 10.55% of the issued and outstanding Class B shares of GVIC.
Johnston acquired the GVIC shares for investment purposes. Johnston will continue to review the performance of and prospects for this investment and its investment alternatives. As part of the ongoing review of the investment in GVIC shares, Johnston may explore from time to time a variety of alternatives, including the acquisition of additional securities of the Issuer or the disposition of securities of the Issuer in the open market or in privately negotiated transactions. Johnston may also explore other alternatives with respect to the investment in the shares, including but not limited to an extraordinary corporate transaction involving the Issuer, changes in the present board of directors or management of the Issuer, or changes in the Issuer's business or corporate structure. Although the foregoing reflects activities presently contemplated with respect to the Issuer, the foregoing is subject to change at any time, and there can be no assurance that it will take any of the actions referred to above.
SOURCE: Robert Johnston
For further information: Robert Johnston, (843) 886-4666