Very positive news and shows much confidence on where CENTR is going next year. You need to check Lyall's bio out.
2020-12-23 11:02 ET - News Release
Mr. David Lyall, investor, reports
David Lyall of 200 Burrard St., suite 700, Vancouver, B.C., V6C 3L6, acquired on Sept. 3, 2020, under a private placement offering by Centr Brands Corp. of suite 100, 2318 Oak St., Vancouver, B.C., V6H 4J1, ownership and exercise of control or direction over an aggregate of one million units in the capital of the issuer. Each Unit consists of one common share in the capital of the Issuer and one common share purchase warrant entitling the holder to purchase one additional common share at a price of $0.60 per share for a period of 3 years from the closing of the offering. Mr. Lyall also received broker warrants in connection with the private placement to acquire 36,000 common shares of the Issuer at a price of $0.60 for a period of 12 months from the closing of the offering.
Immediately before the private placement acquisition, Mr. Lyall owned and/or exercised control or direction over an aggregate 5,152,513 common shares in the capital of the Issuer representing approximately 8% of the Issuer's then issued and outstanding common shares.
Immediately after the private placement acquisition, Mr. Lyall owned and/or exercised control or direction over an aggregate 6,152,513 common shares in the capital of the Issuer representing approximately 9.27% of the Issuer's then issued and outstanding common shares and owned Warrants entitling the purchase of an aggregate 1,036,000 common shares in the capital of the Issuer; or assuming exercise of the Warrants a total of 7,188,513 common shares of the Issuer or approximately 10.67% on a post-conversion beneficial ownership basis.
As of the date of this release, Mr. Lyall owns and/or exercises control or direction over an aggregate 6,548,084 common shares in the capital of the Issuer representing approximately 9.1% of the Issuer's issued and outstanding common shares and owns Warrants entitling the purchase of an aggregate 1,463,727 common shares in the capital of the Issuer; or assuming exercise of the Warrants a total of 8,011,811 common shares of the Issuer or approximately 10.9% on a post-conversion beneficial ownership basis.
The securities acquired were issued from the Issuer's treasury for cash subscriptions at a per share price of $0.35 for total cash consideration of $350,000. The securities of the Issuer were acquired by Mr. Lyall for investment purposes and Mr. Lyall will evaluate the investment in the Issuer and will increase or decrease the investment by future acquisitions or dispositions of securities of the Issuer at his discretion, as circumstances warrant. As of the date of this release and except as otherwise disclosed in this release, Mr. Lyall has no immediate future intention to acquire additional securities of the Issuer, but may dispose of some of the securities of the Issuer that he owns or over which he exercises control or direction. Mr. Lyall may, in the future and at his discretion, exercise Warrants that he owns and, thus, acquire additional common shares in the capital of the Issuer.
A report in this regard will be electronically filed with the securities regulator in each province where the Issuer is reporting and will be available for viewing through the Internet on SEDAR. To obtain a copy of the report telephone 604-697-6018.
https://www.stockwatch.com/News/Item?bid=Z-C:CNTR-3010058&symbol=CNTR®ion=C