HAMILTON, Bermuda, July 6, 2017 /CNW/ - XL Value Offshore LLC ("XVLO") announced today that it has sold 500,000 common shares of Input Capital Corp. (the "Corporation" or "Input") by way of block trade through the facilities of the TSX Venture Exchange at a price of $2.00 per common share, for aggregate gross proceeds to XLVO of approximately $1,000,000 (the "Transaction"). The common shares sold by XLVO represent approximately 0.61% of the outstanding common shares of the Corporation.
Immediately before the Transaction, XLVO owned 8,518,874 common shares of Input, representing approximately 10.42% of the outstanding common shares. Immediately after the Transaction, XLVO owns 8,018,874 common shares of Input, representing approximately 9.81% of the outstanding common shares.
The Transaction was entered into by XLVO in the normal course of its investment activity. XLVO holds common shares of the Corporation for investment purposes and may, from time to time, increase or decrease its investment in the Corporation through market transactions, private agreements, treasury issuances or otherwise at any time subject to applicable contractual restrictions and depending on market conditions and any other relevant factors.
The Corporation's head office is 300-1914 Hamilton Street, Regina, Saskatchewan, Canada, S4P 3N6.
XLVO is a limited liability company organized under the laws of Bermuda that operates as an investment holding company.
SOURCE Input Capital Corp.
For further information: and to obtain a copy of the early warning report filed by XLVO under applicable Canadian securities laws in connection with the transactions hereunder, please see Input's profile on the SEDAR website www.sedar.com or contact Abbe F. Goldstein or Carol Parker Trott at: XL Value Offshore LLC, O'Hara House, One Bermudiana Road, Hamilton, HM 08, Bermuda; Abbe F. Goldstein, CFA, Investor Relations, 203.964.3573, [email protected]; Carol Parker Trott, Media Relations, 441.294.7290, [email protected]