Through the Private Placement, the Acquiring Party has subscribed to 1,900,000 common shares of the Company at a price of $0.02 per share for a total consideration of $38,000. Before this transaction, the acquiring party did not own any shares in the Company. Following completion of the Private Placement, the Acquiring Party now owns 1,900,000 common shares, representing approximately 10.6% of the issued and outstanding shares of the Company, on a non-diluted basis.
The acquirer has acquired these shares solely for investment purposes and may in the future acquire or dispose of additional securities of the Company through the market, privately or otherwise, depending on circumstances or market conditions.
A copy of the Early Warning Report will be available under the company profile at www.sedarplus.ca. The company’s main office is 255 Battle Street West, Kamloops, BC V2C1G8.
On behalf of the Company,
Quinn Elerbeck
Forward-Looking Statements: This press release may contain “forward-looking information or statements” within the meaning of Canadian securities legislation, which may include, but is not limited to, statements regarding future business plans. All statements in this press release, other than statements of historical fact, that relate to events or developments that the Company expects to occur are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “could”, “may”, “could” or “should” occur. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company’s views regarding future events and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements or forward-looking information, except as required by law. Neither Canadian Securities Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277972
#North #Valley #Resources #Announces #Submission #Early #Warning #Report