Item 7.01 Regulation FD
U.S. Global Investors, Inc. (the "Company") issued a press release on January 3,
2020 announcing that Galileo Global Equity Advisors, Inc. ("Galileo") has
entered into a binding letter of intent with U.S. Global Investors (Canada)
Ltd., the Company's wholly-owned subsidiary, which sets forth the terms and
conditions under which U.S. Global Investors (Canada) Ltd. would be prepared to
sell all of the 650,000 Class A Common shares owned by it in the capital of
Galileo Global Equity Advisors, Inc. ("Galileo") to Galileo Global Equity
Advisors, Inc. ("Galileo") for cancellation, at a purchase price of one million
dollars ($1,000,000.00) CAD, on and subject to the terms and conditions set out
in the letter of intent. A copy of the press release is attached and being
furnished as Exhibit 99.1.
The information in this Current Report (including Exhibit 99.1) is being
furnished pursuant to Item 7.01 and shall not be deemed to be "filed" for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), or otherwise subject to the liabilities of that Section, nor
shall it be incorporated by reference in any filing made by the U.S. Global
Investors, Inc. pursuant to the Securities Act of 1933, as amended, or the
Exchange Act.
By filing this report on Form 8-K and furnishing this information, U.S. Global
Investors, Inc. makes no admission as to the materiality of any information in
this report that the Company chooses to disclose solely because of Regulation
FD.
U.S. Global Investors, Inc. undertakes no duty or obligation to publicly update
or revise the information contained in this report, although the Company may do
so from time to time as management believes is warranted. Any such updating may
be made through the filing of other reports or documents with the SEC, through
press releases or through other public disclosure.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 - Press Release issued by U.S. Global Investors, Inc. dated
January 3, 2020, reporting its wholly-owned subsidiary entering into a letter of
intent with Galileo Global Equity Advisors, Inc.
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