InCoR announces that, on
Prior to the Rights Offering, InCoR held: | |
(i) | 26,985,912 Common Shares representing approximately 13.48% of the outstanding Common Shares, expressed on a non-diluted basis; and |
(ii) | 11,428,571 warrants exercisable into 11,428,571 Common Shares which if exercised in full, together with the 26,985,912 Common Shares, would represent approximately 18.16% of the outstanding Common Shares. |
After giving effect to the Rights Offering, InCoR holds: | |
(i) | 64,498,659 Common Shares representing approximately 21.49% of the outstanding Common Shares, expressed on a non-diluted basis; |
(ii) | 9,663,482 Compensation Warrants exercisable into 9,663,482 Common Shares which if exercised in full, together with the 64,498,659 Common Shares, would represent approximately 23.94% of the outstanding Common Shares; and |
(iii) | 11,428,571 warrants exercisable into 11,428,571 Common Shares which if exercised in full, together with the 64,498,659 Common Shares and assuming the exercise in full of 9,663,482 Compensation Warrants, would represent approximately 26.65% of the outstanding Common Shares. |
The Common Shares and Compensation Warrants were acquired for investment purposes and to increase InCoR’s proportionate interest and InCoR may, depending on market and other conditions, increase, decrease or change its beneficial ownership over the Common Shares or other securities of the Issuer through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
A copy of the Early Warning Report filed under applicable securities laws is available under Cascadero’s profile on SEDAR (www.sedar.com). A copy of such report may also be obtained by contacting
The name and address of the “Acquiror” filing the report is:
Attn:
Palladium House, 1-4 Argyll Street
London, United Kingdom
Source:
2022 GlobeNewswire, Inc., source