Vantage Chance Limited Announces Deemed Beneficial Ownership of Securities of Western Resources Corp.
Vantage Chance Limited Announces Deemed Beneficial Ownership of Securities of Western Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2022) - Vantage Chance Limited ("Vantage"), announced that it has completed its strategic investment into Western Potash Holdings Corp. ("WPH") pursuant to a subscription agreement among Vantage, Western Resources Corp. (TSX: WRX) ("WRX"), WPH and Western Potash Corp., dated February 16, 2022, as amended on May 20, 2022 and July 29, 2022 (the "Subscription Agreement") whereby Vantage acquired 157,325,071 common shares in WPH ("WPH Shares"), representing approximately 54% of the outstanding shares of WPH, for $80,000,000 (the "Investment").
不列顛哥倫比亞省溫哥華--（新聞檔案公司——2022 年 9 月 8 日）-Vantage Chance Limited (”Vantage“），宣佈已完成對Western Potash Holdings Corp.（”WPH“）根據Vantage、Western Resources Corp.（多倫多證券交易所股票代碼：WRX）之間的訂閱協議（”WRX“)、WPH 和 Western Potash Corp.，日期爲 2022 年 2 月 16 日，經於 2022 年 5 月 20 日和 2022 年 7 月 29 日修訂（訂閱協議“) 其中 Vantage 收購了 WPH 的 157,325,071 股普通股 (”WPH 股票“），約佔WPH已發行股份的54％，售價爲8,000,000美元（”投資“)。
Under the Subscription Agreement, upon completion of the Investment, Vantage and WRX each received the right to exercise an option (the "Option"), subject to acceptance by WRX (where the Option is exercised by Vantage) or by Vantage (where the Option is exercised by WRX), as applicable, and the fulfillment of certain other conditions (including approval by the Toronto Stock Exchange and approval by the shareholders of WRX), to exchange all 157,325,071 WPH Shares held by Vantage into common shares of WRX ( "WRX Shares").
根據認購協議，投資完成後，Vantage和WRX均獲得行使期權的權利（”選項“），將Vantage持有的全部157,325,071股WPH股份轉換爲WRX的普通股，但須得到WRX（如果期權由WRX行使）或Vantage接受（如果期權由WRX行使），並滿足某些其他條件（包括多倫多證券交易所的批准和WRX股東的批准）WRX 股票“)。
The Option is exercisable by WRX or Vantage within 180 days of the completion of the Investment (the "Option Period").
該期權可在投資完成後的180天內由WRX或Vantage行使（”期權期“)。
If the Option is exercised and the conditions for completing the Option exercise are satisfied, Vantage would obtain ownership and control over 219,726,258 WRX Shares, representing approximately 53.79% of the issued and outstanding WRX Shares calculated on a non-diluted basis as of the date of this news release.
如果行使期權且完成期權行使的條件得到滿足，Vantage將獲得219,726,258股WRX股票的所有權和控制權，約佔截至本新聞稿發佈之日按未攤薄基礎計算的已發行和流通的WRX股票的53.79％。
Accordingly, as of today, pursuant to applicable Canadian securities laws, Vantage is deemed to be the beneficial owner of securities convertible into WRX Shares that constitute 10% or more of the outstanding WRX Shares. Prior to the completion of the Investment, Vantage beneficially owned or controlled, directly and indirectly, no WRX Shares or securities convertible into WRX Shares.
因此，截至今日，根據適用的加拿大證券法，Vantage被視爲可轉換爲WRX股票的證券的受益所有者，這些證券佔已發行WRX股份的10％或以上。在投資完成之前，Vantage直接或間接地實益擁有或控制了任何可轉換爲WRX股票的WRX股票或證券。
Vantage expects to exercise the Option within the Option Period.
Vantage預計將在期權期內行使期權。
Vantage acquired the WPH Shares and the Option for investment purposes. Vantage may from time to time acquire securities of WRX in accordance with applicable securities regulations, depending on a number of factors, including general market and economic conditions and other available investment opportunities.
Vantage出於投資目的收購了WPH股票和期權。Vantage可能會根據適用的證券法規不時收購WRX的證券，這取決於多種因素，包括總體市場和經濟狀況以及其他可用的投資機會。
This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the related early warning report will be filed with the applicable securities commissions and be available under WRX's profile on SEDAR at , and may also be obtained by contacting Vantage Chance Limited at 011-852-96997777. Vantage's registered office is located at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.
本新聞稿根據國家儀器62-103發佈- 預警系統及相關的收購投標和內幕舉報問題。相關預警報告的副本將提交給相應的證券委員會，可在WRX在SEDAR上的個人資料下查閱，也可以致電011-852-969977777聯繫Vantage Chance Limited獲取。Vantage的註冊辦事處位於英屬維爾京羣島 VG1110 托爾托拉羅德城威克漢姆斯礁二世的瑞致達企業服務中心。
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