Sunora Foods investor Shanghai acquires 19% interest
2016-04-14 05:16 MT - News Release
Mr. Steve Bank reports
EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103
In accordance with regulatory requirements, Shanghai Hao Zhuo International Trading Ltd., a company based out of Shanghai, China, has acquired 8,028,400 common shares of the corporation from Steve Bank, president and chief executive officer of the company, on April 13, 2016, which represents 19 per cent of the outstanding common shares. Prior to the purchase, Shanghai owned no common shares of the corporation.
The securities acquired by Shanghai are held for investment purposes. In the future, Shanghai may increase or decrease its respective ownership of securities of the corporation from time to time depending upon the business and future market conditions.
A copy of the early warning report filed pursuant to National Instrument 62-103 may be obtained on SEDAR.
We seek Safe Harbor.
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NOTE:
Insiders still own the following that is disclosed:
CEO Steve - 22 million
Direct Daniel - 1 million
Director Michael - 1 million
Shanghai - 8 million
There are also some other small shareholders listed on SEDI. Q4 will be out in two weeks and Q1 2016 in six weeks. If two more positive quarters are out, that will be several positive earnings reports and the price should rise significantly. |
