Early Warning Report, Bruce Mitchell EARLY WARNING REPORT
Made Pursuant to National Instrument 62-103
This report is made pursuant to the provisions of the securities legislation referred to
above in connection with an acquisition of shares of Alberta Oilsands Inc. (the
“Company”)
1. Name and address of the Security Holder:
Bruce Mitchell (the “Securityholder”)
#108, 42 Antares Drive
Nepean Ontario
K2E – 7Y4
2. The designation and number or principal amount of securities and the
Securityholder's security holding percentage in the class of securities of which
the Securityholder 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:
Upon the acquisition of 999,000 common shares (0.4724%) purchased through the
facilities of the TSX Venture Stock Exchange, at an average price of $0.13 per share, of
the Company the Securityholder now holds 29,140,700 common shares of the
Company, as at March 6, 2014. The Securityholder exercises ownership and control
over the shares.
3. The designation and number or principal amount of securities and the
Securityholder's security holding percentage in the class of securities
immediately after the transaction or occurrence giving rise to the obligation to
file the news release:
Immediately after the acquisition the Securityholder, beneficially owned and
controlled 29,140,700 shares representing an aggregate of approximately 13.7793% of
all the 211,482,057 issued and outstanding common shares.
The designation and number or principal amount of securities and the
percentage of outstanding securities of the class of securities referred to in
paragraph (c) over which:
(a) the Securityholder, either alone or together with any joint actors, has
ownership and control:
The Securityholder, owns and controls 29,140,700 shares in the Company
(approximately 13.7793%).
the Securityholder, either alone or together with any joint actors, has
ownership but control is held by other persons or companies other
than the Securityholder or any joint actor:
Not applicable. (b) the Securityholder, either alone or together with any joint actors, has
exclusive or shared control but does not have ownership:
Not applicable.
5. Market where the transaction or occurrence took place:
Not applicable.
6. The purpose of the Securityholder and any joint actors in effecting the
transaction or occurrence that gave rise to the obligation to file the report,
including any future intention to acquire (or dispose of) ownership of, or control
over, additional securities of the reporting issuer:
The shares are held for investment purposes. The Securityholder alone or together with
joint actors may from time to time acquire ownership of, or control over, additional
securities of the reporting issuer, dispose of any or all securities acquired and any
additional securities that may be acquired from time to time or continue to hold the
already acquired securities.
7. The general nature and the material terms of any agreement, other than
lending arrangements, with respect to securities of the reporting issuer
entered into by the Securityholder, or any joint actor, and the issuer of
the securities or any other entity in connection with the transaction or
occurrence giving rise to the news release, including agreements with
respect to the acquisition, holding, disposition or voting of any of the
securities:
Not applicable.
8. The names of any joint actors in connection with the disclosure required
by this report:
Not applicable
9. In the case of a transaction or occurrence t