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 (
648“) (200,000 Purchased Shares), B. Keast Family Holdings Inc. (“
BKF“) (200,000 Purchased Shares), R. Keast Family Holdings Inc. (“
RKF“) (200,000 Purchased Shares), and SFH Inc. (200,000 Purchased Shares) (collectively with 648, BKF and RKF the “
Sellers“) pursuant to share purchase agreements entered into between 117 and each Seller on April 21, 2021. The Purchased Shares were purchased at a price of $0.00003 per Purchased Share for an aggregate price of $24.
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Prior to the Acquisitions, 117 held nil shares of 396. As a result of the Acquisitions, 117 now holds 800,000 (26.6%) shares of 396.