Kreative Ventures Limited Announces That It Acquires Units of Augustine Ventures Inc.
2013年7月10日 - 6:02AM
This news release is disseminated pursuant to National Instrument
62-103 The Early Warning System and Related Take Over Bids and
Insider Reporting Issues in connection with the filing of an early
warning report (the "
Early Warning Report")
regarding the holdings Kreative Ventures Limited
(
"Kreative"). Kreative and its wholly owned
subsidiary, Providential Pictures Inc.,
(
"Providential") have acquired beneficial
ownership or control over 600,000 units (
"Units")
of Augustine Ventures Inc. (the
"Company")
(CNSX:WAW) through a private placement on July 4, 2013 (the
"Offering"). Each Unit issued under the Offering
consists of one common share (a
"Share") and one
common share purchase warrant (a
"Warrant"), which
Warrant will allow the holder to acquire one additional Share of
the Company (a
"Warrant Share") for a period of
two years at an exercise price of $0.10 per Warrant Share.
Kreative acquired ownership over 400,000 Units and Providential
acquired ownership over 200,000 Units. Assuming exercise of the
Warrants comprised within the Units, the aggregate number Shares
over which: (i) Kreative acquired ownership amounts to 1.91% and
(ii) Providential acquired ownership amounts to 0.96% of the issued
and outstanding Shares of the Company, calculated on a partially
diluted basis. Collectively, assuming exercise of the Warrants
comprised within the Units, Kreative and Providential (collectively
the "Acquiror") acquired ownership or control over
2.87% of the issued and outstanding Shares of the Company,
calculated on a partially diluted basis.
The Acquiror previously owned 550,000 Shares and 550,000
Warrants. Following closing of the Offering, the Acquiror owns
1,150,000 shares and 1,150,000 Warrants, which represent 5.36% of
the issued and outstanding Shares of the Company, calculated on a
partially diluted basis.
The Acquiror and any persons or companies that may be considered
to be joint actors with the Acquiror collectively own or control
6,190,000 Shares and 5,952,625 Warrants of the Company, which, if
the Warrants were exercised, would represent an aggregate of
25.44%, of the total issued and outstanding Shares of the Company,
calculated on a partially diluted basis.
The Acquiror and the joint actors have acquired the securities
in the Company for investment purposes and from time to time the
Acquiror and any of the joint actors may: (i) acquire additional
securities of the Company, (ii) dispose of some or all of the
existing or additional securities they hold or may hold or (iii)
they may continue to hold their current position.
The issuance of this press release is not an admission that an
entity named herein owns or controls any securities described
herein or is a joint actor with any other person or company named
in the early warning report referred to in this press release.
To obtain a copy of the Early Warning Report filed in connection
with this matter, please contact William F. White at
WFWhite@ibkcapital.com (ph: (416) 360-4517). A copy of this report
will be filed on Augustine's profile on SEDAR at www.sedar.com.
CONTACT: Mr. William F. White
Secretary Treasurer of Kreative Ventures Limited
Telephone: (416) 360-4517 Email: WFWhite@ibkcapital.com