TORONTO, March 3, 2020 /CNW/ - Galileo Global Equity Advisors Inc. ("Galileo") today announced that it has completed the previously announced purchase for cancellation of all of the 650,000 Class A common shares in the capital of Galileo owned by U.S. Global Investors (Canada) Ltd., representing 65% of the outstanding voting shares of Galileo. Following the completion of the transaction, Galileo's founder Michael Waring, who previously owned 35% of the outstanding voting shares of Galileo, now owns 100% of the outstanding voting shares of Galileo. Mr. Waring continues to serve as the President, Chief Executive Officer, Chief Compliance Officer and Secretary of Galileo and continues to have overall responsibility for the investment management activities of Galileo, including its management of Galileo High Income Plus Fund and Galileo Technology and Blockchain LP.
SOURCE Galileo Global Equity Advisors Inc.
For further information: Michael Waring, President and CEO, Galileo Global Equity Advisors Inc., Toll-free: 1-844-414-9470, E-mail: [email protected]