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Re: neophyte184 post# 21387

Monday, 10/03/2022 3:41:46 PM

Monday, October 03, 2022 3:41:46 PM

Post# of 21475
To clarify the "no dilution" claim for $CWBHF...their "ATM program" caused dilution in 2021, but as of June 2022, all of those shares have entered the float, as you can see by the float almost equaling the OS at the end of Q2. They can't turn any ATM program back on until at least Jan 3, 2023, so it should be smooth sailing for quite a while. Even then, I believe any new shares issued in 2023 would take six months to hit the float per rule 144.

The Company filed the final short-form base shelf prospectus on May 5, 2021 with Canadian regulators, with a term of 25-
months, which allowed the Company to qualify the distribution by way of prospectus in Canada of up to C$350,000 of common
shares, preferred shares, warrants, subscription receipts, units, or any combination thereof. The final short form base prospectus
expires on June 6, 2023. The Company filed a prospectus supplement to distribute up to C$60,000 of common shares of the
Company (the "Offered Shares") under the at-the-market equity program ("ATM Program"). As of January 4, 2022, the ATM
Program ceased to be available to the Company. The Company could reestablish this ATM once it becomes eligible for shortform registration on Form S-3, which could be as early as January 2023.


https://www.otcmarkets.com/filing/html?id=16001515&guid=h8X-kWHM7TpnJth

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