Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. VANCOUVER, British Columbia, June 30, 2021 (GLOBE NEWSWIRE) — Waverley Resources Ltd. (“ Issuer”) by a Plan of Arrangement under the Ontario Business Corporations Act (the “ Arrangement”) on June 30, 2021 (the “ Effective Date”). Woodbridge Shares”) it received under the Arrangement to holders (“ Waverley Shareholders”) of common shares of Waverley (“ Waverley Shares”) on a pro rata basis, such that Waverley Shareholders received 0.1 Woodbridge Share for every 1 Waverley Share held on the Effective Date. As a result of the Arrangement, Mr. Buchan acquired beneficial ownership of and / or exercise of control or direction over an aggregate 637,900 Woodbridge Shares representing approximately 18.18% of the issued and outstanding Woodbridge Shares. Prior to completion of the Arrangement, Mr. Buchan did not beneficially own or control any securities of the Issuer.