Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Shares of New Frontier Ventures Inc.
Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Shares of New Frontier Ventures Inc.
Toronto, Ontario--(Newsfile Corp. - July 11, 2023) - This press release is being disseminated as required by National Instrument 62‐103 - The Early Warning System and Related Take Over Bids and Insider Reporting Issuers in connection with the filing of an early warning report (the "Early Warning Report") regarding the acquisition of securities of New Frontier Ventures Inc. (CSE: VFI.X) (the "Issuer"), with its head office located at 121 King Street West, Suite 2150, Toronto, Ontario M5H 3T9, by each of Vikas Ranjan ("Ranjan"), of 2955 Harvey Crescent, Mississauga, Ontario L5L 4V9, Oriental Sources Inc. ("Oriental"), with its head office located at 1200 Consumers Road, Unit 702, Toronto, Ontario M2J 4R4, and Jason Meretsky ("Meretsky") of 121 King Street West, Suite 2150, Toronto, Ontario, M5H 3T9, in connection with the conversion of certain indebtedness of the Company in an aggregate amount of $211,994 in exchange for 4,239,880 common shares in the capital of the Issuer ("Common Shares") at $0.05 per share (the "Debt to Equity Conversion").
安大略省多倫多--(Newsfile Corp.-2023年7月11日)-本新聞稿按照National Instrument 62-103的要求發佈-早期預警系統及相關收購要約和內幕報告發行人關於提交預警報告(“預警報告“)關於收購New Frontier Ventures Inc.(CSE：VFI.X)的證券(”發行人)，總部位於安大略省多倫多國王街西121號2150室，郵編：M5H3T9，由Vikas Ranjan(蘭詹“)，地址：密西索加哈維新月會2955號，安大略省L5L 4V9，Oriental Sources Inc.(“東方人)，總部位於安大略省多倫多消費者路1200號，702單元，安大略省M2J 4R4，Jason Meretsky(梅雷茨基安大略省多倫多市國王街西121號2150室，郵編：M5H 3T9，與轉換公司若干債務有關，總金額為211,994美元，以換取發行人股本中的4,239,880股普通股(“普通股“)，每股0.05元(”債轉股“)。
Ranjan entered into a Debt Conversion Agreement dated June 28, 2023, pursuant to which Ranjan agreed to convert $100,000.00 of the indebtedness owing by the Issuer to Ranjan (the "Ranjan Indebtedness") into 2,000,000 Common Shares at a price of $0.05 per Common Share, as payment in full of all indebtedness outstanding under or with respect to the Ranjan Indebtedness. Prior to the Debt to Equity Conversion, Ranjan owned, directly and indirectly, 408,200 Common Shares, representing 14.05% of the issued and outstanding Common Shares on a non-diluted basis. Following the Debt to Equity Conversion, Ranjan owns, directly and indirectly, an aggregate of 2,408,020 Common Shares, such amount representing 33.71% of the issued and outstanding Common Shares.
Ranjan於2023年6月28日簽訂了一項債務轉換協定，根據該協定，Ranjan同意將發行人欠Ranjan的100,000.00美元的債務轉換為蘭詹債務“)以每股0.05美元的價格轉換為2,000,000股普通股，作為全額償還根據或與Ranjan債務有關的所有債務。在債轉股之前，Ranjan直接和間接擁有408,200股普通股，佔非稀釋基礎上已發行和已發行普通股的14.05%。債轉股後，Ranjan直接和間接擁有總計2,408,020股普通股，佔已發行和已發行普通股的33.71%。
Oriental entered into a Debt Conversion Agreement dated June 28, 2023, pursuant to which Oriental agreed to convert $60,000.00 of the indebtedness owing by the Issuer to Oriental (the "Oriental Indebtedness") into 1,200,000 Common Shares at a price of $0.05 per Common Share, as payment in full of all indebtedness outstanding under or with respect to the Oriental Indebtedness. Prior to the Debt to Equity Conversion, Oriental did not own, directly and indirectly, any Common Shares. Following the Debt to Equity Conversion, Oriental owns, directly and indirectly, an aggregate of 1,200,000 Common Shares, such amount representing 16.80% of the issued and outstanding Common Shares.
東方集團於2023年6月28日訂立債務轉換協定，根據該協定，東方集團同意將發行人欠東方集團的60,000.00美元債務轉換為東方負債“)以每股普通股0.05美元的價格購入1,200,000股普通股，以全數償還東方債務項下或與之有關的所有未償還債務。在債轉股前，東方並無直接及間接擁有任何普通股。債轉股後，東方直接及間接擁有1,200,000股普通股，佔已發行及已發行普通股的16.80%。
Meretsky entered into a Debt Conversion Agreement dated June 28, 2023, pursuant to which Meretsky agreed to convert $51,994.00 of the indebtedness owing by the Issuer to Meretsky (the "Meretsky Indebtedness") into 1,039,880 Common Shares at a price of $0.05 per Common Share, as payment in full of all indebtedness outstanding under or with respect to the Meretsky Indebtedness. Prior to the Debt to Equity Conversion, Meretsky did not own, directly and indirectly, any Common Shares. Following the Debt to Equity Conversion, Meretsky owns, directly and indirectly, an aggregate of 1,039,880 Common Shares, such amount representing 14.65% of the issued and outstanding Common Shares.
梅雷茨基於2023年6月28日簽訂了一項債務轉換協定，根據該協定，梅雷茨基同意將發行者欠梅雷茨基的51,994.00美元的債務轉換為梅雷茨基債務“)以每股0.05美元的價格轉換為1,039,880股普通股，以全數償還Meretsky債務項下或與之有關的所有未償債務。在債轉股之前，Meretsky並不直接和間接擁有任何普通股。債轉股後，Meretsky直接和間接擁有總計1,039,880股普通股，相當於已發行和已發行普通股的14.65%。
Ranjan, Oriental and Meretsky should not be considered joint actors.
蘭揚、東方和梅雷茨基不應被視為聯合演員。
The Debt to Equity Conversion took place on a private placement basis pursuant to the rules of National Instrument 45-106 - Prospectus Exemptions.
債轉股是根據《國家文書45-106》的規定以私募方式進行的。招股說明書豁免條款。
The securities were acquired for investment purposes and each of Ranjan, Oriental and Meretsky may increase or decrease their beneficial ownership or control depending on market or other conditions. They have no present intention to change their holdings of securities of the Issuer.
這些證券是出於投資目的而收購的，Ranjan、Oriental和Meretsky各自可能會根據市場或其他條件增加或減少其實益所有權或控制權。他們目前無意改變其持有的發行人證券。
The Debt to Equity Conversion is exempt from the formal take-over provisions of the Securities Act (Ontario) pursuant to section 4.2 of National Instrument 62-104
債轉股不受正式接管條款的約束證券法(安大略省)根據《國家文書62-104》第4.2節
A copy of the Early Warning Report with additional information in respect of the foregoing matters may be found on SEDAR at .
可在SEDAR上找到預警報告的副本以及與上述事項有關的其他資訊，網址為。
For further information, please contact:
如需更多資訊，請聯繫：
Vikas Ranjan, President, New Frontier Ventures Inc.
Email: vikas@gravitasfinancial.com
416-605-7024
維卡斯·蘭詹，總裁，New Frontier Ventures Inc.
電子郵件：vikas@gravitasfinial.com
416-605-7024
Not for distribution to United States newswire services or for dissemination in the United States.
不得分發給美國通訊社或在美國境內傳播。
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。