As a condition of the Loan, on
35 Oak - Early Warning Report
This press release is additionally being issued in connection with the filing of an early warning report (the "Early Warning Report") pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues regarding the acquisition of securities of the Company. As a condition of the Loan, on
Immediately before the acquisition of the Bonus Warrants ("Acquisition"), 35 Oak had direct and indirect ownership and control of a total of 14,250,518 common shares of the Company ("Common Shares") (including 12,094,834 Common Shares, 1,405,684 warrants and 750,000 stock options of the Company). Following completion of the Acquisition, 35 Oak now has direct and indirect ownership and control of a total of 16,750,518 Common Shares (including 12,094,834 Common Shares, 3,905,684 warrants and 750,000 stock options of the Company), representing approximately 18.3% of the issued and outstanding Common Shares on a non-diluted basis and 24.6% of the issued and outstanding Common Shares on a partially diluted basis.
35 Oak holds the securities of the Company for investment purposes and does not have any current intentions to increase or decrease their respective beneficial ownership or control or direction over any additional securities of the Company. 35 Oak may, from time to time and depending on market and other conditions, acquire additional Common Shares and/or other equity, debt or other securities or instruments of the Company in the open market or otherwise, and reserve the right to dispose of any or all of the securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of the Company and other relevant factors.
The Early Warning Report will be filed by 35 Oak in accordance with applicable securities laws.
To obtain a copy of the Early Warning Report, please contact:
Phone: 416-840-6801
Email: bill.murray@gfiglobalfood.com
The Company's head office is located at
About GFI
GFI is a fast-growing Canadian plant-based food and ingredients company, connecting the local farm to the global supply chain for peas, beans, lentils, chickpeas and other high protein specialty crops. GFI is organized into four primary business lines: Pea Protein Inputs, Plant-Based Ingredients, Plant-Based Pet Food Ingredients and Plant-Based Consumer Packaged Goods. Headquartered in
GFI's vision is to become a vertically integrated farm-to-fork plant-based company providing traceable, locally sourced, healthy and sustainable food and ingredients. Through recent acquisition and development activities, GFI now offers a full suite of Plant-Based Consumer Packaged goods with over 20 SKUs under the Yofiit, Bentilia and Five Peas in Love brands.
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Forward-Looking Information
This press release may contain certain forward-looking information and statements ("forward-looking information") within the meaning of applicable Canadian securities legislation, that are not based on historical fact. Forward-looking statements include without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Forward-looking information in this press release includes without limitation statements relating to the business vision of GFI,. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. GFI undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of GFI, its securities, or financial or operating results (as applicable). Although GFI believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond GFI's control, including the risk factors discussed in GFI's annual information form for the year ended
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