Insider transactionI assume the options were close to expiration so he sold shares and replaced them with the option shares. Ended up with the same number of shares but did distribute 1,000,000 shares to the public. Has a massive potential position of around 7 million shares if he exercises all his warrants.
MONTREAL, March 5 /CNW Telbec/ - Curtis Page, an officer and directorofAlphinat Inc., announces that he has sold 1,000,000 common shares ofAlphinatat price of
.155 per share in the public market through the facilitiesofthe TSX Venture Exchange. Following the disposition of these shares, Mr.Pageused the proceeds to acquire 1,000,000 shares of Alphinat, at a price of
.12per share, by exercising 1,000,000 common share purchase warrants ofAlphinatwhich were previously issued to him.
As a result of the foregoing transactions,Mr. Page has control over4,323,000 common shares of Alphinat, representing approximately 11.75%of thecurrently issued and outstanding common shares of Alphinat. If Mr. Pagewas toexercise all of his 2,750,000 remaining Alphinat common share purchasewarrants, Mr. Page's holdings would represent approximately 17.88% ofthe thenissued and outstanding common shares of Alphinat, on a partially-dilutedbasis.
The transactions were made for investment purposes and Mr.Page mayincrease or decrease his investment in Alphinat depending on marketconditionsor any other relevant factor.
For further information
CurtisPage, (514) 880-2227