Niagara investor McEachern acquires 2.93 M shares 2016-02-19 10:40 MT - News Release
Mr. Ronald McEachern, investor, reports
ACQUISITION OF COMMON SHARES OF NIAGARA VENTURES CORPORATION BY RONALD MCEACHERN
On Feb. 18, 2016, Ronald McEachern acquired, through One St. Thomas Holdings Inc. (a holding company controlled by Mr. McEachern), ownership and control of 2,934,311 common shares of Niagara Ventures Corp. The acquired shares represent 14.7 per cent of the issued and outstanding common shares of the issuer.
Immediately following the acquisition of the acquired shares, the offeror (inclusive of One St. Thomas Holdings) owns and controls 3,731,866 common shares of the issuer, representing 18.7 per cent of the issued and outstanding common shares of the issuer (or 4,171,866 common shares of the issuer, representing 20.4 per cent of the issued and outstanding common shares of the issuer, assuming the exercise of all options held by the offeror).
The acquired shares were acquired by way of private agreement, and the offeror paid a total of $146,715.55 for the acquired shares (five cents per acquired share).
The offeror acquired the acquired shares for investment purposes only. The offeror may, in the future, take such actions in respect of his holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional common shares or other securities of the issuer through open-market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers.
This press release is issued pursuant to National Instrument 62-103, the Early Warning System and Related Takeover Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the issuer is a reporting issuer containing additional information with respect to the foregoing matters. A copy of the early warning report will be filed under the SEDAR profile of the issuer.
A copy of the early warning report may also be obtained by contacting Mr. McEachern at 416-669-1016.
© 2016 Canjex Publishing Ltd. All rights reserved.
Another news release today:
The following information is filed pursuant to the provisions listed above under applicable securities legislation: 1. Name and Address of Offeror: Scott Anderson c/o Wildeboer Dellelce LLP 365 Bay Street, Suite 800 Toronto, Ontario, M5H 2V1 2. The designation and number or principal amount of securities and the offeror’s securityholding percentage in the class of securities of which the offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release, and whether it was ownership or control that was acquired in those circumstances: On February 18, 2016: (i) Offeror acquired ownership and control of 620,000 common shares of Niagara Ventures Corporation (the “Issuer”), at a price of $0.05 per share, by way of private agreement; and (ii) the spouse of the Offeror, Catherine Brenner, acquired ownership and control of 888,579 common shares of the Issuer, at a price of $0.05 per share, by way of private agreement. In total, the Offeror and Ms. Brenner acquired 1,508,579 common shares of the Issuer (the “Acquired Shares”), representing 7.6% of the issued and outstanding common shares of the Issuer. 3. The designation and number or principal amount of securities and the offeror’s securityholding percentage in the class of securities immediately after the transaction or occurrence giving rise to the obligation to file the news release: Immediately after the transaction referred to in item 2 above, the Offeror (together with Ms. Brenner) owns and controls 2,716,359 common shares of the Issuer, representing 13.6% of the issued and outstanding common shares of the Issuer. Immediately after the transaction referred to in item 2 above and assuming the exercise of all options held by the Offeror, the Offeror (together with Ms. Brenner) would own and control 3,056,359 common shares of the Issuer, representing 15.1% of the issued and outstanding common shares of the Issuer. 4. The designation and number or principal amount of securities and the percentage of outstanding securities of the class of securities referred to in item 3 over which (i) the offeror, either alone or together with any joint actors, has ownership and control: Please see item 3 above. (ii) the offeror, either alone or together with any joint actors, has ownership but control is held by other persons or companies other than the offeror or any joint actor: Not applicable. (iii) the offeror, either alone or together with any joint actors, has exclusive or shared control but does not have ownership: Not applicable. 5. The name of the market in which the transaction or occurrence that gave rise to the news release took place: The Acquired Shares were acquired by way of private agreement and not through any market. 6. The value, in Canadian dollars, of any consideration offered per security if the offeror acquired ownership of a security in the transaction or occurrence giving rise to the obligation to file a news release. The Offeror and Ms. Brenner paid an aggregate of $75,428.95 for the Acquired Shares (or $0.05 per Acquired Share). 7. The purpose of the offeror and any joint actors in effecting the transaction or occurrence that gave rise to the news release, including any further intention to acquire ownership or, or control over, additional securities of the reporting issuer: The Offeror acquired the Acquired Shares for investment purposes only. The Offeror may in the future take such actions in respect of his holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional common shares or other securities of the Issuer through open market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers. 8. The general nature and material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer entered into by the offeror, or any joint actor, and the issuer of the securities or any other entity in connection with the transaction or occurrence giving rise to the news release, including agreements with respect to the acquisition, holding, disposition or voting of any of the securities: The Acquired Shares referred to in item 2 were purchased and acquired pursuant the terms and conditions of share purchase agreements dated February 3, 2016 between the Offeror, Ms. Brenner and the vendor of the Acquired Shares. 9. Name of any joint actors: Please see item 3 above. 10. In the case of a transaction or occurrence that did not take place on a stock exchange or other market that represents a published market for the securities, including an issuance from treasury, the nature and value in Canadian dollars of the consideration paid by the offeror: Please see item 6 above. 11. If applicable, a description of any change in any material fact set out in a previous report by the entity under the early warning requirements r Part 4 of National Instrument 62-103 in respect of the reporting issuer’s securities:: Not applicable. 12. If applicable, a description of the exemption from securities legislation being relied on by the offeror and the facts supporting that reliance. Not applicable. DATED this 18th day of February, 2016. “Scott Anderson” (Signed) ______________________________________ SCOTT ANDERSON |
