TORONTO, Dec. 16 /CNW/ - Following the acquisition of 1,938,500 shares of VIQ Solutions Inc. (the "Company") through on-going purchases ending on December 15, 2010, Jay Noronha, a Registered Portfolio Manager with Dundee Securities Corporation, exercises control or direction of 13,964,175 shares of the Company, in respect of client accounts managed by him on a discretionary basis. In aggregate, Mr. Noronha owns and/or exercises control or direction over a total of 15,266,075 shares of the Company, representing approximately 18.167% of the outstanding shares of the Company.
The 1,938,500 shares were acquired in the ordinary course of the Offeror's investment activities on behalf of clients, for investment purposes. The Offeror may purchase or sell shares of the Company in the future on the open market or in private offerings, depending on market conditions and other factors material to the Offeror's investment decisions. At no point of time did or does the Offeror intend to launch a formal take-over bid or propose a transaction that could constitute a take-over bid.
For further information: For further information:
Mr. Louis Cavalaris, Vice President & Head of Institutional Compliance, Dundee Securities Corporation at (416) 350-3057