|By Marketwired .||
|April 21, 2014 09:16 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 04/22/14 -- Michelle Navarro Grau ("MNG") announced that on April 21, 2014, MNG may be deemed to have acquired indirect beneficial ownership of, and/or control or direction over, 3,596,000 common shares of CB Gold Inc. ("CB Gold", and each common share of CB Gold, a "Common Share") which were acquired by Seymour Business Company Inc. ("SBC") through the facilities of the TSX Venture Exchange (the "Transaction"). 3,500,000 of such Common Shares were acquired at a price of $0.12 per share, and 96,000 of such Common Shares were acquired at a price of $0.125 per share.
Immediately following the completion of the Transaction, MNG may be deemed to have beneficial ownership of, and/or control and direction over, directly or indirectly, an aggregate of: (i) 14,679,700 Common Shares of CB Gold (13,333,500 of which are held by SBC, and 1,346,200 of which are held by Thatagata Investment Corp. ("TIC", and with MNG and SBC, the "Filing Parties"), and (ii) 500,000 warrants to purchase Common Shares of CB Gold (each, a "Warrant"), each of which may be exercised to purchase one Common Share at a price of $0.70 per share until October 28, 2015. All 500,000 Warrants are directly held by SBC. MNG may be deemed to exercise control or direction, directly or indirectly, over SBC and TIC. In addition, Sagu Holdings Inc. ("SHI") holds 2,120,000 Common Shares of CB Gold and may be deemed to be acting jointly or in concert with MNG, SBC, and TIC for purposes of Canadian Securities Laws.
Accordingly, immediately following the completion of the Transaction, for purposes of Canadian securities laws MNG (together with SHI, which may be deemed to be acting jointly or in concert with MNG, SBC, and TIC) may be deemed to have beneficial ownership of, and/or control and direction over, directly or indirectly, an aggregate of 17,299,700 Common Shares of CB Gold, or approximately 10.84% of the Common Shares that would have been outstanding at such time assuming the issuance of all 500,000 Common Shares for which the Warrants may be exercised.
For purposes of calculating percentages of Common Shares beneficially owned or over which control or direction is exercised, directly or indirectly, the Filing Parties have assumed that there were 159,586,007 Common Shares outstanding as of the date hereof (assuming the exercise of all Warrants that are the subject of this Report), and assuming that there were 159,086,007 Common Shares outstanding as at March 21, 2014 (without giving effect to the issuance of any Common Shares upon the exercise of Warrants) as disclosed by CB Gold in its Management's Discussion and Analysis for the year ended December 31, 2013, filed on SEDAR on March 26, 2014.
The Filing Parties and SHI acquired beneficial ownership of, and control or direction over, directly or indirectly, the Common Shares that are the subject of this news release for investment purposes. The Filing Parties and SHI intend to review their investment in CB Gold on a continuing basis. Depending on various factors including, without limitation, CB Gold's financial position, the price levels of the Common Shares, conditions in the securities markets and general economic and industry conditions, CB Gold's business or financial condition and other factors and conditions the Filing Parties and SHI deem appropriate from time to time, the Filing Parties and/or SHI may in the future take such actions with respect to their investments in CB Gold as the Filing Parties or SHI deem appropriate including, without limitation, acquiring Common Shares or other securities of CB Gold, and selling or otherwise disposing of some or all of the Common Shares or other securities of CB Gold held by any of them from time to time. In addition, the Filing Parties and/or SHI may formulate other purposes, plans or proposals regarding CB Gold or any of CB Gold's securities to the extent deemed advisable in light of general investment and trading policies, market conditions or other factors or may change their intention with respect to any and all matters referred to above.
Neither the dissemination over the news wires of this news release nor the filing with applicable securities commissions of the related early warning report in connection with the matters disclosed herein in accordance with applicable Canadian securities laws is an admission that any individual or entity named or referred to in this news release owns or controls any described securities or is a joint actor with another individual or entity named or referred to in this news release.
The Filing Parties' addresses are as follows: Michelle Navarro Grau, Avenida Javier Prado Este No. 3580, San Borja, Lima, Peru; SBC and TIC, jiron Crane 102, San Borja, Lima, Peru.
For further information, including to obtain a copy of the report filed by the Filing Parties in accordance with applicable Canadian securities laws, contact the Filing Parties at the address specified below or their Canadian counsel at the number specified below.
Jr. Crane 102 San Borja, Lima 41, Peru Attn: Ernesto Bendezu Tel: +51 (1) 618-1004 Or contact the Filing Parties' Canadian counsel at: Tel: +1 (416) 865-4404
Jr. Crane 102
San Borja, Lima 41, Peru
Attn: Ernesto Bendezu
+51 (1) 618-1004
The Filing Parties' Canadian counsel:
+1 (416) 865-4404
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 6, 2016 09:15 AM EST Reads: 2,141
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 6, 2016 09:00 AM EST Reads: 3,955
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Dec. 6, 2016 09:00 AM EST Reads: 5,799
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 09:00 AM EST Reads: 700
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Dec. 6, 2016 08:45 AM EST Reads: 7,118
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
Dec. 6, 2016 08:30 AM EST Reads: 1,333
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Dec. 6, 2016 08:30 AM EST Reads: 876
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 6, 2016 08:15 AM EST Reads: 1,668
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
Dec. 6, 2016 08:15 AM EST Reads: 1,051
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 08:00 AM EST Reads: 896
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 6, 2016 07:45 AM EST Reads: 2,085
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Dec. 6, 2016 07:45 AM EST Reads: 902
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 6, 2016 07:15 AM EST Reads: 730
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 6, 2016 07:15 AM EST Reads: 1,832
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Dec. 6, 2016 07:00 AM EST Reads: 832