Vancouver, British Columbia--(Newsfile Corp. - April 26, 2021) - R. Keast Family Holdings Inc. ("
RKF ") announced today that it has sold (the "
Disposition ") an aggregate of 290,000 common shares (the "
Sold Shares ") of 1287398 B.C. Ltd. ("
398 ") to each of Akiba Leisman ("
Leisman ") (210,000 Sold Shares) and Paolo Lostritto (together with Leisman, the "
Purchasers ") (80,000 Sold Shares) pursuant to share purchase agreements entered into between RKF and each Purchaser on April 23, 2021. The Sold Shares were sold at a price of $0.00003 per Sold Share for an aggregate purchase price of $8.70.
Prior to the Disposition, RKF held 500,000 (approximately 16.67%) common shares of 398. As a result of the Disposition, RKF now holds 210,000 (7%) common shares of 398. RKF sold the Sold Shares for private investment purposes and may increase or decrease its beneficial ownership or control in 398 as circumstances or market conditions warrant.