Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Early Warning Press Release - Jaret Wilson By: TheNewswire.com - RSS (Media) July 12, 2024 at 18:10 PM EDT July 12, 2024 – Source: Jaret WilsonVancouver, British Columbia – TheNewswire – Jaret Wilson (the "Acquiror") has today filed an early warning report (the "Early Warning Report") advising that on April 26, 2024 (the “Effective Date”) he subscribed for (the “Private Placement Subscription”) convertible debentures of the Legible Inc. (the “Company”) with: (i) a principal amount of $540,000 convertible into 6,000,000 common shares (“Common Shares”) of the Company at a deemed price of $0.09 per Common Share; and (ii) 6,000,000 Common Share purchase warrants (“Warrants”) entitling him to acquire 6,000,00 Common Shares at $0.10 per Common Share for a period of 2 years. Immediately prior to the Effective Date, the Acquiror had beneficial ownership, or exercised control or direction, both directly and indirectly over: (i) 2,083,333 Common Shares; and (ii) 2,083,333 Warrants entitling him to acquire 2,083,000 Common Shares at $0.15 per Common Share. These holdings represented approximately 1.56% of the outstanding Common Shares of the Company on an undiluted basis and 3.08% on a partially diluted basis. Following the Private Placement Subscription, the Acquiror has beneficial ownership or exercises direction or control over, directly and indirectly over: (i) 2,083,333 Common Shares; (ii) 8,083,333 Warrants; and (iii) convertible debentures of the Company in the principal amount of $540,000 entitling him to acquire an additional 6,000,000 Common Shares for $0.10 per Common Share. His aggregate holdings now represent approximately 1.56% of the outstanding shares of the Company on an undiluted basis and 10.96% on a partially diluted basis.All securities were acquired for investment purposes. The Acquiror has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell securities on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.This news release is being issued as required by National Instrument 62-104 - Take-Over Bids and Issuer Bids and relates to the Acquiror and the Company, whose head office is located at #250 - 997 Seymour Street, Vancouver, British Columbia, V6B 3M1, Canada. A copy of the Early Warning Report can be obtained at www.sedarplus.ca under the Company's profile, or by contacting Jaret Wilson at 275 North Franklin Turnpike, Ramsey, NJ 07446 USA and contact@jaretwilson.com.SOURCE: Jaret Wilson Copyright (c) 2024 TheNewswire - All rights reserved. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Early Warning Press Release - Jaret Wilson By: TheNewswire.com - RSS (Media) July 12, 2024 at 18:10 PM EDT July 12, 2024 – Source: Jaret WilsonVancouver, British Columbia – TheNewswire – Jaret Wilson (the "Acquiror") has today filed an early warning report (the "Early Warning Report") advising that on April 26, 2024 (the “Effective Date”) he subscribed for (the “Private Placement Subscription”) convertible debentures of the Legible Inc. (the “Company”) with: (i) a principal amount of $540,000 convertible into 6,000,000 common shares (“Common Shares”) of the Company at a deemed price of $0.09 per Common Share; and (ii) 6,000,000 Common Share purchase warrants (“Warrants”) entitling him to acquire 6,000,00 Common Shares at $0.10 per Common Share for a period of 2 years. Immediately prior to the Effective Date, the Acquiror had beneficial ownership, or exercised control or direction, both directly and indirectly over: (i) 2,083,333 Common Shares; and (ii) 2,083,333 Warrants entitling him to acquire 2,083,000 Common Shares at $0.15 per Common Share. These holdings represented approximately 1.56% of the outstanding Common Shares of the Company on an undiluted basis and 3.08% on a partially diluted basis. Following the Private Placement Subscription, the Acquiror has beneficial ownership or exercises direction or control over, directly and indirectly over: (i) 2,083,333 Common Shares; (ii) 8,083,333 Warrants; and (iii) convertible debentures of the Company in the principal amount of $540,000 entitling him to acquire an additional 6,000,000 Common Shares for $0.10 per Common Share. His aggregate holdings now represent approximately 1.56% of the outstanding shares of the Company on an undiluted basis and 10.96% on a partially diluted basis.All securities were acquired for investment purposes. The Acquiror has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell securities on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.This news release is being issued as required by National Instrument 62-104 - Take-Over Bids and Issuer Bids and relates to the Acquiror and the Company, whose head office is located at #250 - 997 Seymour Street, Vancouver, British Columbia, V6B 3M1, Canada. A copy of the Early Warning Report can be obtained at www.sedarplus.ca under the Company's profile, or by contacting Jaret Wilson at 275 North Franklin Turnpike, Ramsey, NJ 07446 USA and contact@jaretwilson.com.SOURCE: Jaret Wilson Copyright (c) 2024 TheNewswire - All rights reserved.
