Jeremy Edelman acquires additional shares of Knowlton Capital
MONTREAL, April 11, 2014 /CNW Telbec/ - Jeremy Edelman announces that he has purchased 1,400,000 units of Knowlton Capital Inc. (TSXV: KWC.H) at a price of $0.05 per unit by way of private placement, for total proceeds of $70,000. Each unit is comprised of one common share of Knowlton Capital and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share of Knowlton Capital at a price of $0.05 until April 10, 2015.
Immediately following the closing of the private placement, Jeremy Edelman directly and indirectly owns the following Knowlton Capital securities: (i) 8,356,495 common shares, representing approximately 23.1% of the issued and outstanding common shares of Knowlton Capital, and (ii) common share purchase warrants in respect of 1,400,000 common shares. Assuming the exercise of all warrants held by Mr. Edelman, he would own 9,756,495 common shares, representing 25.97% of the Knowlton Capital common shares that would then be issued and outstanding.
Mr. Edelman, who is resident in Monaco, acquired the Knowlton Capital common shares and common share purchase warrants in the private placement for investment purposes, and in accordance with applicable securities laws, Mr. Edelman may, from time to time and at any time, acquire additional common shares of Knowlton Capital and/or other equity, debt or other securities or instruments of Knowlton Capital in the open market or otherwise, and he reserves the right to dispose of any or all of his Knowlton Capital securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of Knowlton Capital and other relevant factors.
Mr. Edelman also announces that Knowlton Capital has repaid in full a convertible loan made by him to Knowlton Capital in a principal amount of $20,000. The convertible loan was made to provide working capital.
SOURCE: Knowlton Capital Inc.
Jeremy Edelman,16 quai Jean-Charles Rey, Monaco 98000, 514.788.1499 x202
Share this article