Early Warning News Release – StableView Asset Management Acquires Direction over Securities of Clarocity Corporation

TORONTO, ON / ACCESSWIRE / March 31, 2017 / StableView Asset Management (“StableView”) announces that it has acquired control or direction over an additional 400,000 common shares in the capital of Clarocity Corporation (“Clarocity”), debentures in the principle amount of $1,000,000 and warrants to acquire control or direction of up to 2,444,444 common shares (“Warrants”). Each Warrant entitles the holder to purchase one common share at an exercise price of $0.135 per common share for a period of three years. Before the issuance, StableView exercised control or direction over 28,605,584 Warrants representing approximately 19.69% of Clarocity’s outstanding common shares on a fully-converted basis. After the issuance, StableView exercised control or direction over 31,050,028 Warrants representing approximately 22.14% of Clarocity’s outstanding common shares on a fully-converted basis. This represents an increase of approximately 2.45% in the convertible securities over which StableView exercises control or direction.

The Warrants are held for investment purposes and StableView may, depending on market and other conditions, increase or decrease its control or direction over the Warrants or other securities of Clarocity whether through market transactions, private agreements, treasury issuances, exercise of convertible securities, or otherwise.

For more information, or to obtain a copy of the early warning report filed under National Instrument 62-103, please contact:

StableView Asset Management Inc.
Attention: Colin Fisher
Telephone: 416-920-8600

SOURCE: StableView Asset Management

ReleaseID: 458664