TORONTO, July 24, 2017 /CNW/ - The K2 Principal Fund L.P. ("K2") announces an updated holding in Invictus MD Strategies Corp. ("IMH") of 1108 – 1238 Seymour Street, Vancouver British Columbia V6B 6J3. Between July 19, 2017 and July 21, 2017 K2 had net sales of 1,954,850 shares with sale prices between $ 1.26 and $ 1.45 per share for total proceeds of $2,695,175.16. These sales were executed on the TSX Venture Exchange.
After the disposition stated above the K2 holds 6,840,000 common shares and 5,262,100 share purchase warrants for the purchase of an additional 5,262,100 common shares of IMH. Assuming the exercise of the warrants K2 would own a total of 12,102,100 common shares of IMH, representing approximately 14.18% of the issued and outstanding common shares of IMH on a partially diluted basis.
K2 disposed of the securities for investment purposes only and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over, or exercise its current rights to acquire, common shares or other securities of IMH through market transactions, private agreements or otherwise.
SOURCE K2 Principal Fund L.P.
For further information: Dan Gosselin, The K2 Principal Fund L.P., (416) 365-2155