The Acquiror announces that, on
Prior to the transaction, InCoR held 15,557,341 common shares representing approximately 8.37% of the issued and outstanding common shares.
After giving effect to the acquisition of the Units, InCoR owns an aggregate of 26,985,912 Common Shares in the capital of the Issuer representing approximately 13.48% of the outstanding common shares (assuming no exercise of Warrants), and Warrants to acquire up to an additional 11,428,571 Common Shares. Assuming InCoR exercised the Warrants, InCoR would own an aggregate of 38,414,483 Common Shares of the Issuer representing approximately 18.16% of the outstanding Common Shares (assuming no exercise of any other warrants).
The Units were acquired on a private placement basis by InCoR for investment purposes and InCoR may, depending on market and other conditions, increase or change its beneficial ownership over the common shares or other securities of the Company 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 the Company’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
Contact:
kwells@dsavocats.ca
1.647.477.7317
Source:
2021 GlobeNewswire, Inc., source