/NOT FOR DISSEMINATION IN THE U.S. OR FOR
DISTRIBUTION TO U.S. NEWSWIRE SERVICES./
TORONTO, Aug. 1, 2018 /CNW/ - Michael Novogratz announced today that,
following completion of the previously announced business
combination among Bradmer Pharmaceuticals Inc., Galaxy Digital LP
and First Coin Capital Corp., completed by way of a plan of
arrangement under the provisions of the Business Corporations
Act (Ontario) (the
"Arrangement") resulting in the formation of Galaxy Digital
Holdings Ltd. ("Galaxy Digital" or the "Company")
(TSXV: GLXY), he beneficially owns 213,696,000 Class B limited
partnership units ("GDH B Units") of Galaxy Digital Holdings
LP ("GDH LP") which, pursuant to the GDH LP Limited
Partnership Agreement (the "GDH LPA"), are exchangeable for
ordinary shares of Galaxy Digital (the "Shares") on a
one-for-one basis subject to customary adjustments for stock
splits, stock dividends and reclassifications and other similar
transactions or, at the election of GDH LP, an amount of cash in
lieu of Shares.
Upon completion of the Arrangement, the GDH B Units beneficially
owned by Mr. Novogratz represented, on a fully-diluted basis, 77.7%
of the issued and outstanding Shares (assuming conversion of only
the GDH B Units held by Mr. Novogratz). Mr. Novogratz was the
beneficial owner of no securities of the Company immediately prior
to the completion of the Arrangement. Mr. Novogratz's ownership of
GDH B Units is for investment purposes. Subject to applicable law,
Mr. Novogratz may purchase or sell securities of the Company from
time to time as deemed appropriate based on market conditions and
other circumstances.
For further information and to obtain a copy of the early
warning report to be filed by Mr. Novogratz under applicable
Canadian securities laws, please see the Company's profile on SEDAR
at www.sedar.com. The Company's head office is located at 107 Grand
Street, New York, New York, 10013,
USA.
SOURCE Michael Novogratz