Who is the the PRIVATE buyer at .10 cents - Hank Payments I wonder who is now on board with this 6.15M share transaction???
Uptempo still holds 23.8% of Hank Payments.
Q3 coming end of May.
Hank Payments investor Uptempo sells 6.15M shares
2023-05-17 18:38 ET - News Release
Mr. Jason Ewart of Uptempo reports
UPTEMPO INC. REPORTS SALE OF PART OF ITS EQUITY STAKE IN HANK PAYMENTS CORP. AND EARLY WARNING REPORT
This press release has been disseminated as required by National Instrument 62-103 (the Early Warning System and Related Take Over Bid and Insider Reporting Issues) in connection with the filing of an early warning report regarding the disposition of shares of Hank Payments Corp. by Uptempo Inc.
The company announced that it has sold 6,151,000 shares at a price of 10 cents per share in a private transaction and filed an early warning report. Prior to the sale, the company owned 23,571,243 shares of Hank Payments, representing 32.3 per cent of the issued and outstanding shares of Hank Payments. Following the sale, Uptempo beneficially owns 17,420,243 Hank Payments shares, representing approximately 23.8 per cent of the issued and outstanding securities of Hank Payments.
The disposition was completed for investment purposes. The company may, in future, increase or decrease its ownership, control or direction over the Hank Payments securities through market transactions, private agreements or otherwise.
A copy of the company's early warning report with respect to the foregoing is filed under applicable securities laws and is available under Hank Payments' profile on SEDAR.
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