Private Eye

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Off-market insider net buying at FAX Capital (T:FXC)

Updated Thursday Nov 28, 2019 03:12 AM EDT

Sean Driscoll, a 10% Holder, acquired 26,671,110 Multiple Voting Shares on an indirect ownership basis for registered holder Fax Investment Inc. at a price of $4.500 through a private transaction on November 21st, 2019. This represents a $120,019,995 net investment into the company's shares and an account share holdings change of greater than 100%.

FAX Capital Corp. is an investment holding company with a business objective to maximize its intrinsic value on a per share basis over the long-term by seeking to achieve superior investment performance commensurate with reasonable risk. The Company intends to invest in equity, debt and/or hybrid securities of high-quality businesses. The Company initially intends to invest in approximately 10 to 15 high-quality small cap public and private businesses located primarily in Canada and, to a lesser extent, the United States.

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Go to FAX Capital Corp. (FXC)'s company page

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