Abbotsford, BC – TheNewswire - September 4, 2025 – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX-V:GSI) (OTC:GKPRF), a leader in video and data solutions for protecting people in transit, together with Mr. Douglas Dyment, President, CEO and a director of the Company (the “Reporter”) is disseminating this press release as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report regarding the disposition of securities of the Company.

 

On September 3, 2025, the Reporter sold 4,000,000 common shares of the Company (“Common Shares”) at a price of $1.60 per Common Share for total consideration of approximately $6.4 million (the “Transaction”). The Reporter’s sale was undertaken to satisfy marital separation settlement agreement obligations and personal debt. Canaccord Genuity Corp. and Raymond James Ltd., underwriters in the Company’s recent $11.5 million bought deal financing, facilitated the sale of the Common Shares in the Transaction to institutional and retail shareholders.

 

As at May 5, 2020, being the date of the last early warning report filed by the Reporter, the Reporter beneficially owned and exercised control over a total of 9,830,792 Common Shares and options exercisable to acquire 2,500,000 Common Shares. These Common Shares and convertible securities represented approximately 11.07% of the Company’s then-issued and outstanding Common Shares on an undiluted basis and approximately 13.5% of the Company’s then-issued and outstanding Common Shares on a partially diluted basis, assuming conversion of all convertible securities beneficially owned and controlled by the Reporter. On May 8, 2025, the Reporter entered a marital separation agreement pursuant to which 1,672,792 Common Shares held by him were registered as separate property.

 

Immediately prior to the Transaction, the Reporter beneficially owned and exercised control or direction over a total of 8,158,000 Common Shares and options exercisable to acquire 2,000,000 Common Shares. These Common Shares and convertible securities represented approximately 7.85% of the Company’s issued and outstanding Common Shares on an undiluted basis and approximately 9.78% of the Company’s issued and outstanding Common Shares on a partially diluted basis, assuming conversion of all convertible securities beneficially owned and controlled by the Reporter.

 

Upon completion of the Transaction, the Reporter now holds beneficial ownership of 4,158,000 Common Shares plus 2,000,000 Company stock options representing approximately 4.0% of the issued and outstanding Common Shares on an undiluted basis and approximately 5.8% of the Company’s issued and outstanding Common Shares on a partially diluted basis, assuming conversion of all convertible securities owned and controlled by the Reporter.

 

In the future, the Reporter may increase or decrease his shareholdings from time to time depending on market conditions or other related factors.

A copy of the early warning report may be obtained by contacting Douglas Dyment, at (604) 864-6187 or from SEDAR+ at www.sedarplus.ca under the Company's profile. The Company's head office is located at 301 – 31127 Wheel Avenue, Abbotsford, BC V2T 6H1.

About Gatekeeper Systems Inc.

Gatekeeper is a leading provider of video and data solutions for a safer transportation environment for children, passengers, and drivers on public transportation fleets. Gatekeeper has provided solutions to more than 60 transit agencies and 3,500 school districts throughout North America and has installed more than 57,000 Mobile Data Collectors for customers which record video and data daily from over 200,000 onboard devices. The Company’s hosted software applications facilitate AI-assisted video analytics for incident management and storage. The Company’s Platform-as-a-Service (PaaS) business model is centered around the Mobile Data Collectors, which are the cornerstone of its data company transformation. www.gatekeeper-systems.com

Contact Information:

Douglas Dyment

President & CEO

ddyment@gatekeeper-systems.com

(604) 864-6187

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.