PROVOST, Alberta, April 20, 2018 (GLOBE NEWSWIRE) -- On April 3, 2018, Dwayne Ross, acquired, pursuant to a private transaction, 2,843,500 744,871 common shares (the “Common Shares”) of Gulf & Pacific Equities Corp. (“Gulf”) from C.D.R. Development Inc. (“CDR”) at a deemed price per share of $0.22 for a deemed consideration of $163,871.62. Mr. Ross is a director, officer and shareholder of CDR.
Following the acquisition of the Common Shares, Mr. Ross now owns and controls 3,590,371 Common Shares of Gulf, representing 16.86% of the issued and outstanding common shares of Gulf. Mr. Ross is the registered owner of the Common Shares.
Mr. Ross acquired the Common Shares for investment purposes. Depending on his evaluation of the business, prospects and financial condition of Gulf, the market for Gulf’s securities, general economic conditions and other factors, Mr. Ross may acquire additional securities of Gulf, or may sell some or all of the securities of Gulf which it holds, in the open market, by private agreement or otherwise.
Each statement in this press release of the percentage of the issued and outstanding common shares of Gulf owned or controlled by Mr. Ross is based on the disclosure of the number of issued and outstanding common shares of Gulf contained in the public disclosure documents filed by Gulf on SEDAR.
An early warning report will be filed by Mr. Ross in accordance with applicable Canadian securities laws and will be available under Gulf’s profile on SEDAR at www.sedar.com.
For more information, or to obtain a copy of the early warning report to which this press release relates, please contact:
Dwayne Ross
P.O. Box 794
Provost, Alberta T0B 3S0
Telephone: (780) 753-2097 / Facsimile: (780) 753-6025
Email: cdrdwayn@telus.net