MONTREAL, April 20, 2015 /CNW Telbec/ - Jeremy Edelman announces that he has acquired an additional 1,400,000 common shares of Knowlton Capital, representing 3.01% of the issued and outstanding common shares of Knowlton Capital, at a price of $0.05 per share following the exercise of 1,400,000 common share purchase warrants (the "Warrants"), for total proceeds of $70,000.
Immediately following the exercise of the Warrants, Jeremy Edelman directly and indirectly owns 9,756,495 common shares of Knowlton Capital, representing approximately 20.95% of the issued and outstanding common shares of Knowlton Capital.
Mr. Edelman, who is resident in Monaco, acquired the Knowlton Capital common shares 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.
SOURCE Knowlton Capital
For further information: Jeremy Edelman, 16 quai Jean?Charles Rey, Monaco 98000, Tel.: (514) 397-7483