Laguna Blends director Gray acquires 5.4 million shares
(19.29% FD is impressive)
2015-09-23 06:26 ET - News Release
Mr. Stuart Gray reports
STUART GRAY FILES EARLY WARNING REPORT PURSUANT TO NATIONAL INSTRUMENT 62-103
Stuart Gray, after giving effect to the share exchange transaction (RTO) involving Laguna Blends Inc. (formerly Grenadier Resource Corp.), has directly acquired 5.4 million common shares of the company and 3.95 million common share purchase warrants of the company. Each warrant entitles the offeror to purchase one additional share at a price of 27 cents until Dec. 31, 2019. The acquired securities represent 12.13 per cent of the company's issued and outstanding shares after the RTO on an undiluted basis, and 19.29 per cent on a diluted basis.
The acquired securities were acquired for investment purposes. The offeror may from time to time acquire additional securities of the company, dispose of some or all of the securities of the company or maintain his current securities position in the company.
The acquired securities were issued to the offeror on the basis of one share and one warrant for each common share and share purchase warrant of Laguna Blends (USA) Inc. (formerly Laguna Blends) (Laguna USA) formerly held by the offeror pursuant to the terms of the share exchange agreement between the company, Laguna USA and Laguna USA's shareholders. The acquired securities were acquired pursuant to applicable prospectus exemptions set out in National Instrument 45-106.
This press release is being issued pursuant to National Instrument 62-103. A copy of the early warning report filed under applicable securities laws is available under the company's profile on SEDAR. A copy of the early warning report shall be sent promptly to anyone who requests it from the offeror noted below.
