MONTREAL, May 7, 2019 /CNW Telbec/ - Frédérick Mannella announces that on May 3, 2019 he disposed of ownership of 2,400,000 Class B Shares ("Shares") of LXRandCo, Inc. (formerly Gibraltar Growth Corporation) (the "Issuer") located at 7399 Saint-Laurent Blvd., Montreal (Quebec), H2R 1W7, under a private transaction, at a price of 0.30 cents per Share, representing (to the knowledge of Mr. Mannella based on public records) approximately 8.5% of outstanding Shares.
Immediately before this transaction, Mr. Mannella directly and indirectly owned 3,757,884 Shares, which (to the knowledge of Mr. Mannella based on public records) represented 13.34% of outstanding Shares. Immediately following this transaction, Mr. Mannella directly and indirectly owns 1,357,884 Shares, which (to the knowledge of Mr. Mannella based on public records) represents 4.82% of outstanding Shares.
Mr. Mannella disposed of the 2,400,000 Shares for investment purposes. Mr. Mannella continues to own Shares for investment purposes and may, from time to time, dispose of some or all of the existing securities he owns or will own, or may continue to own his current position depending on market and other conditions and regulatory restrictions or requirements, including, without limitation, through open market transactions, treasury issuances, private agreements or otherwise for investment purposes.
Based on subsequent developments affecting the Issuer or its business and the general market and economic conditions, Mr. Mannella may decide to purchase additional securities of the Issuer or may decide to sell all or part of its investments.
Mr. Mannella will be filing an early warning report in accordance with applicable securities laws, a copy of which will be available under the Issuer's profile on SEDAR at www.sedar.com or alternatively, you can call Gianni Chiazzese at 514-954-2548 to obtain a copy of the report.
SOURCE Frédérick Mannella
For further information: Gianni Chiazzese, 514-954-2548