02:33:28 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Benev Capital Inc
Symbol BEV
Shares Issued 54,155,173
Close 2014-09-30 C$ 2.43
Market Cap C$ 131,597,070
Recent Sedar Documents

ORIGINAL: Benev investor Maxim increases shareholdings to 11.52%

2014-09-30 21:51 ET - News Release

Received by email:

File: Maxam - news release dated September 30, 2014 for Early Warning Report (....docx

MAXAM CAPITAL MANAGEMENT LTD.  1245-200 Granville Street Vancouver BC V6C 1S4 T: 604.685.0201; F: 604.685.9970 maxamca
--->pitalcorp.com
NEWS RELEASE
September 30, 2014
Maxam Capital Management Ltd. ("Maxam Capital Management")  has filed an early warning report dated September 30, 2014
---> advising of its holdings in BENEV Capital Inc. (the "Issuer").
Maxam Capital Management provides management and investment advisory services to Maxam Opportunities Fund II LP ("Maxa
--->m Fund").  On September 26, 2014, Maxam Fund acquired 5,240,964 common shares in the capital of the Issuer (the "Share
--->s") and Maxam Capital Corp. ("Maxam"),  a joint actor of Maxam Capital Management, acquired 1,000,000 Shares from Sean
---> Morrison, the CEO of the Issuer, which shares were acquired by Morrison as a result of the exercise of incentive stoc
--->k options.
The 1,000,000 Shares were acquired at $2.35 per Share for an aggregate consideration of $2,350,000.  The 5,240,964 Sha
--->res were issued to Maxam Fund from the treasury of the Issuer under a Private Placement at $1.66 per Share for a total
---> consideration of $8,700,000.
Maxam Capital Management, through Maxam Fund, in conjunction with Maxam, now has control and direction over a total of
---> 6,240,964 Shares representing approximately 11.52% of the issued and outstanding Shares.
Sean Morrison, the President and Chief Executive Officer of the Issuer, has control and direction over Maxam Capital M
--->anagement and has control and direction over Maxam.  Mr. Morrison does not hold any Shares in the Issuer directly.
This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over B
--->id and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the j
--->urisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report").  A 
--->copy of the Early Warning Report will appear with the Issuer's documents on the SEDAR website at www.sedar.com.  A cop
--->y of the Early Warning Report may also be obtained by contacting Maxam Capital Management Ltd. at 1245-200 Granville S
--->treet, Vancouver BC V6C 1S4 (phone: 604.685.0201).
Per "Sean Morrison"
Sean Morrison, Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this release.


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