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.
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R. Keast Family Holdings Inc. Sells Shares to 2171117 Ontario Inc.
RKF ) announced today that it has sold (the
Sale ) an aggregate of 200,000 common shares (the
Sold
396 ) to 2171117 Ontario Inc. (
117 ) pursuant to a share purchase agreement entered into between RKF and 117 on April 21, 2021. The Sold Shares were sold at a price of $0.00003 per Sold Share for an aggregate price of $6.
Prior to the Sale, RKF held 500,000 (16.6%) shares of 396. As a result of the Sale, RKF now holds 300,000 (10%) shares of 396.
The Sale was conducted in reliance on the private agreement exemption in section 4.2 of National Instrument 62-104 -
Take-Over Bids and Issuer Bids (