TORONTO , Nov. 29, 2019 /CNW/ – SOL Global Investments Corp. (“SOL”) (SOL.CN) (SOLCF) (9SB.F) announces that it has filed an early warning report in connection with a disposition of common shares (“Common Shares”) of Frankly Inc. (“Frankly”) (TLK.V). Frankly’s head office is located at 50 West 17th Street, 11th Floor, New York, New York , 10011.
On November 6, 2019 , SOL disposed of ownership and control of 400,000 Common Shares through the facilities of the TSX Venture Exchange (the “Disposition”). The consideration received per Common Share under the Disposition was $0.48 , for total consideration received of $189,352 . The completion of the Disposition together with other dispositions of Common Shares by SOL since SOL’s early warning report filed on June 6 , 2019 (the ” June 6 Report”) resulted in a 2.49% decrease in SOL’s Common Share holding from the 16.3% holding reported in the June 6 Report.
Immediately prior to the Disposition, SOL beneficially owned 4,596,600 Common Shares, representing approximately 15.1% of the issued and outstanding Common Shares on a non-diluted basis. Immediately following the completion of the Disposition, SOL beneficially owned 4,196,600 Common Shares, representing approximately 13.81% of the issued and outstanding shares Common Shares on a non-diluted