TORONTO, July 7 /CNW/ - Following the acquisition of 84,500 shares of VIQ Solutions Inc. (the "Company") through on-going purchases ending on July 6, 2010, Jay Noronha holds in his personal and family accounts a total of 1,301,900 shares of the Company. Mr. Noronha, a Registered Portfolio Manager with Dundee Securities Corporation, also exercises control or direction of 12,025,675 shares of the Company, in respect of client accounts managed by him on a discretionary basis, following the acquisition of 1,719,600 shares of VIQ through on-going purchases ending on July 6, 2010. In aggregate, Mr. Noronha owns and/or exercises control or direction over a total of 13,327,575 shares of the Company, representing approximately 16.081% of the outstanding shares of the Company.
The 84,500 shares were acquired in the ordinary course of the Offeror's investment activities in respect of the Offeror's personal and family holdings, for personal investment purposes. The 1,635,100 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.
SOURCE JAY NORONHA
For further information: For further information: Mr. Louis Cavalaris, Vice President & Head of Institutional Compliance, Dundee Securities Corporation at (416) 350-3057