Connect with us

Politics

Facedrive Inc. Early Warning Report Update | 2021-07-22 | Press Releases

Published

on

 


Toronto, Ontario – (Newsfile Corp. – July 22, 2021) – Mr. Imran Khan (the “Acquirer”) has announced the filing of a Form 45-102A1 – Notice of Intent to Distribute Securities under the Section 2.8 of Regulation 45-102 – Resale of Securities (the “Notice of Sale”) in connection with the proposed sale (the “Proposed Sale”) of up to 500,000 common shares (“Shares”) of capital of Facedrive Inc. (the “Issuer”) registered in the name of ISRR Holdings Inc. (“ISRR”). The proposed sale is expected to be completed through off-market trading within the 30 day period beginning on the date hereof. There can be no assurance as to the timing of the transactions contemplated in the notice of sale, or whether such transactions will occur.

As of the date of the notice of sale described herein, ISRR, a company controlled by the Purchaser, beneficially owned or exercised control or direction over 21,014,430 shares, representing approximately 22.05% of the issued shares and outstanding of the issuer. Separately, as of the date of the notice of sale, 2634107 Ontario Inc. (“263 Ontario”) held or exercised control or direction over 7,696,170 shares, representing approximately 8.08% of the issued and outstanding shares. The acquirer owns a 33% interest in 263 Ontario and, pursuant to certain contractual arrangements, shares direction and control of the voting and disposition of shares held by 263 Ontario. The ownership of the purchaser of the securities of the Issuer has not changed following the filing of the notice of sale, but may change by giving effect to the proposed sale.

The Acquirer will file one or more additional early warning reports, and related press releases, in connection with the completion of the proposed sale, as required from time to time under applicable securities laws.

The Purchaser’s securities described herein were acquired for investment purposes. In addition to the transactions described herein and disclosed in the Notice of Sale, the Purchaser may increase or decrease its investment, directly or indirectly, in the securities of the Issuer from time to time, depending on market conditions or any other relevant factor.

This press release is issued in accordance with National Instrument 62-103 respecting Early Warning System and Related Matters Relating to Takeover Bids and Insider Reporting, which also requires that a report be filed with the authorities. securities of each of the jurisdictions in which the Issuer is a reporting issuer containing information on the above matters (the “Early Warning Report”).

A copy of the alert report filed by the acquirer in connection with this acquisition will be available under the issuer’s profile on the SEDAR website at www.sedar.com and may also be obtained by contacting the purchaser at 416-204-1222.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91020

Sources

1/ https://Google.com/

2/ https://stockhouse.com/news/press-releases/2021/07/22/update-to-early-warning-report-in-respect-of-facedrive-inc

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]