TORONTO, Dec. 5, 2016 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that on December 1st, 2016 it purchased 2,800,000 units of Invictus MD Strategies Corp. ("IMH") of 1108 – 1238 Seymour Street, Vancouver British Columbia V6B 6J3. Each unit represents 1 common share and a half warrant, which expires in 18 months from date of issue at an exercise price of $1.75. Each unit was purchased at $1.05 per share for a total cost of $2,940,000, the units were purchased through a private placement.
Prior to the recent acquisition, the Partnership did not hold any shares or warrants of the issuer. After the acquisition the Partnership holds 2,800,000 common shares and 1,400,000 warrants representing approximately 17.9% of the issued and outstanding common shares of IMH.
K2 acquired 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