TORONTO—April 6, 2018—Galileo Global Equity Advisors, Inc., a privately owned investment manager based in Toronto, today would like to comment on a correction in an April 6 System for Electronic Disclosure by Insiders (SEDI) filing that showed a change to the holdings of insider Frank E. Holmes in HIVE Blockchain Technologies, Ltd. (CVE: HIVE).
Galileo would like to clarify that the shares were not disposed of by Holmes. These shares have always been registered to the Galileo Partners Fund, which purchased the HIVE shares and warrants in September 2017. The securities were originally reported to be held by Holmes himself, and in clarifying this on SEDI, the reporting was rectified.
Galileo is a 65-percent owned subsidiary of U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique investment firm based in San Antonio, Texas, for which Holmes serves as CEO and chief investor officer. In addition, Holmes was appointed as the non-executive chairman of the Board of Directors of HIVE.
About Galileo Global Equity Advisors, Inc.
Since its founding in 2000, Galileo Global Equity Advisors, Inc. (www.galileofunds.ca), a privately owned investment manager, has had a singular mission of helping its clients achieve their long-term investment objectives by delivering superior risk-adjusted returns. Headquartered in Toronto, Galileo seeks to identify and invest in the most promising small and mid-cap companies before they become widely followed by mainstream analysts. One of the hallmarks of Galileo’s approach is that it takes a contrarian, businesslike approach to investing in smaller and medium sized companies.