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Prior to the sale of the Purchased Shares,the Acquirorowned and/or controlled 1,572,000 Common Shares and 133,024 stock-options ("Options”) toacquire 133,024 Common Shares, representing approximately 23.63% of the outstanding Common Shares of the Company on a non-diluted basis, and approximately 25.13% on a partially diluted basis, assuming the exercise of all Options.
Following completion of the sale of the Purchased Shares, the Acquiror owns and/or controls, including through
The Purchased Shares will be held in escrow under an escrow agreement, dated
The Purchased Shares were acquired for investment purposes. Depending on market conditions, the Acquiror may, from time to time, acquire additional securities, exercise convertible securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the Company.
This press release is issuedpursuant to the requirements of National Instrument 62-103- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. For further information and to obtain a copy of the early warning report that will be filed with the applicable securities commissions, please view the Company's profile on the SEDAR+ website atwww.sedarplus.ca.
For further information, please contact:
Chief Executive Officer & Secretary
Telephone:(972) 545-4914
E-mail:rita@alabs.co
NEITHER THE
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