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Saturday, 02/16/2019 4:09:26 PM

Saturday, February 16, 2019 4:09:26 PM

Post# of 69
I know I am talking to myself on this board-anyone else around ?
"ACQUISITION OF SHARES AND WARRANTS OF DISCOVERY HARBOUR RESOURCES CORP.

This news release is issued by Ore Capital Partners Ltd., pursuant to the early warning requirements of National Instrument 62-104 and National Instrument 62-103, with respect to common shares and warrants of Discovery Harbour Resources Corp.

On July 23, 2018, Ore Capital acquired 3.7 million units of the issuer by way of a private placement at a price of five cents per unit. Each unit compriss one share and one warrant, exercisable at 10 cents for a period of two years. The warrants purchased by Ore Capital contain a 61-day notice of exercise clause.

Following issuance of the shares and warrants, Ore Capital has control over 3.7 million shares, being 15.55 per cent of the outstanding shares of the issuer on an undiluted basis, and 3.7 million warrants with a 61-day notice of exercise clause, being 26.91 per cent of the outstanding shares of the issuer assuming exercise of the warrants, following notice given and notice period elapsing.

Depending on economic or market conditions or matters relating to the issuer, Ore Capital may in the future choose to either acquire additional securities of the issuer or dispose of securities of the issuer.

For further information and to obtain a copy of the early warning report filed under applicable securities legislation in connection with the transactions hereunder, please go to the issuer's profile on SEDAR or contact Jason Cubitt at 604-681-
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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