Montréal, May 8, 2020 - On May 7, 2020, Fonds de solidarité FTQ (“Fonds”) acquired, as part of a private placement, 2,622,377 units (each, a “Unit”) of IMV Inc. (the “Company”) at C$2.86 per Unit for a total of C$7,499,998.22. Each Unit consists of one common share of the Company (“Common Share”) and 0.35 of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles its holder to purchase one Common Share at an exercise price of C$3.72 per share and is exercisable in the 24 months following the closing.
Just prior to the closing, the Fonds de solidarité FTQ beneficially owned 2,489,156 Common Shares or approximately 4.87% of the Common Shares outstanding. Following the placement, the Fonds de solidarité FTQ holds 5,111,533 Common Shares and 917,832 Warrants, which if exercised, represent a total of 6,029,365 Common Shares, or 10% of the Company’s outstanding shares.
The Fonds de solidarité FTQ purchased these securities for investment purposes. This investment will be periodically reviewed and the Fonds’ holding may be increased or decreased as necessary.
An early warning report will be filed on SEDAR (www.sedar.com) under the company’s profile. To obtain a copy, contact Liette Leduc at 514 850-4850. The Company’s head office is located at 130 Eileen Stubbs Avenue, Suite 19, Dartmouth, Nova Scotia, B3B 2C4.
About Fonds de solidarité FTQ
Fonds de solidarité FTQ is a capital development fund that channels the savings of Quebecers into investments. With $16.7 billion in net assets as at November 30, 2019, the Fonds has helped create and protect more than 215,000 jobs. The Fonds has over 3,100 partner companies and upwards of 700,000 shareholders-savers.
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