Ahsan your a totally clueless basherHow come you never mention large buyer . Insiders sold a very small % to pay some bills. Big deal. Check to see how much salary these people take. Time to shut your pie hole and get a hobby.
EARLY WARNING REPORT
Made Pursuant To Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids,
National Instrument 62-103 – The Early Warning System and Related Take-Over bid and
Insider Reporting Issues and Section 102.1 of the Securities Act (Ontario)
This report is made pursuant to the provisions of the securities legislation referred to above in
connection with certain acquisitions of common shares of Centric Energy Corp. (“Centric”).
1. Name and address of Offeror.
Sheldon Inwentash (the “Offeror”)
c/o The Exchange Tower
130 King Street West, Suite 2500
Toronto, Ontario M5X 1A9
2. Designation and number or principal amount of securities and the Offeror’s
securityholding percentage in the class of securities of which the Offeror acquired
ownership or control in the transaction or occurrence giving rise to the obligation to
file the news release, and whether it was ownership or control that was acquired in
those circumstances.
Through a series of purchases ending August 5, 2010, the Offeror acquired ownership of
926,794 common shares of Centric (the “Common Shares”) through the facilities of the
TSX Venture Exchange. These holdings represent approximately 1.3% of the total issued
and outstanding common shares of Centric as of August 5, 2010.
3. Designation and number or principal amount of securities and the Offeror’s
securityholding percentage in the class of securities immediately after the
transaction or occurrence giving rise to the obligation to file the news release.
Immediately following the acquisition noted in item 2 above, the Offeror, together with
its joint actors, owns an aggregate of 8,646,794 common shares of Centric, including the
Common Shares and rights to acquire an additional 1,500,000 common shares of Centric
upon the exercise of convertible securities (collectively, the “Convertible Securities”).
Of these totals, the Offeror owns 1,526,794 common shares, including the Common
Shares directly, which represents approximately 2.1% of all issued and outstanding
common shares of Centric as at August 5, 2010. In the event that the Convertible
Securities are fully exercised, the holdings of the Offeror and joint actors represents a
total of 10,146,794 common shares of Centric, or approximately 13.5% of all issued and
outstanding common shares as at August 5, 2010, calculated on a partially diluted basis
assuming the exercise of the Convertible Securities only.