Pursuant to the closing of the Transaction, the Company received cash consideration of
Early Warning
Upon completion of the Transaction, Greenland Resources acquired 22,000,000 common shares of Greenhawk, representing approximately 26.0% of the issued and outstanding common shares of Greenhawk on a non-diluted and partially diluted basis. Prior to completion of the transaction, Greenland Resources did not own any common shares of Greenhawk.
Greenland Resources acquired the securities of Greenhawk as part of the Transaction and for investment purposes. Depending on market and other conditions, the Company may from time to time in the future increase or decrease its ownership, control or direction over the Greenhawk securities as circumstances warrant. For the purposes of this notice, the
In satisfaction of the requirements of the National Instrument 62-104 - Take-Over Bids And Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an Early Warning Report in respect of acquisition of Greenhawk common shares by Greenland Resources will be filed under Greenhawk’s SEDAR Profile at www.sedar.com.
About
Greenland Resources is a Canadian reporting issuer regulated by the
For further information please contact: | |
Executive Chairman, President | |
Engineering and Project Management | |
Exploration and Mining Geology | |
Public and Community Relations | |
Investor Relations | |
Corporate office | Suite 1410, 181 University Av. |
Telephone | +1 647 273 9913 |
Web | www.greenlandresources.ca |
CAUTIONARY STATEMENT: This news release includes forward-looking information and statements, which may generally be identified by the use of the words “will”, “intention”, “expects”, “is expected to”, “subject to”, “anticipates” and variations or similar expressions and which include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include those relating to the terms of the Transaction, the value of
Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
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