Immediately before the transaction described above, the Acquiror held an aggregate of 1,400,000 common shares of the Company, representing approximately 7.01% of the issued and outstanding common shares of the Company. Upon completion of the transaction described above, the Acquiror owns and controls an aggregate of 2,150,000 common shares of the Company (the “Owned Shares”), representing approximately 10.77% of the issued and outstanding common shares of the Company as of
Immediately before the transaction described above, the Acquiror and its joint actor held an aggregate of 1,900,000 common shares of the Company. Of these totals, 1,400,000 common shares were held by the Acquiror directly, and 500,000 common shares were held by its joint actor, representing approximately 9.52% of the issued and outstanding common shares of the Company. Upon completion of the transaction described above, the Acquiror, together with its joint actor, own and control an aggregate of 3,250,000 common shares of the Company, representing approximately 16.28% of the issued and outstanding common shares of the Company as of
The holdings of securities of the Company by the Acquiror and its joint actor are managed for investment purposes, and the Acquiror and its joint actor could increase or decrease their investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The aggregate consideration payable for the Subject Shares was
The head office of the Acquiror is located at
Additional Information
A copy of the early warning report filed in connection with the matters set forth above may be obtained by contacting:
Tel: 647-794-4360
Source:
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