RE:insiders commitment Also don't forget these guys with their commitment I am certain that it is in their interest to promote this company as well as the Thompson Company in Europe. FA Media, LLC ("FA Media") subscribed for $525,000, or 21,000,000 Common Shares, pursuant to the first tranche of the Share Offering, which were being held in escrow until clearance by the TSXV of the FA Media personal information form. The Common Shares and funds have been released from escrow and, as a result, FA Media, is now an insider of the Corporation holding greater than 10% of the issued and outstanding shares of the Corporation. In addition, FA Media acquired the $138,460 principal amount of the Debentures pursuant to the Debenture Offering.
FA Media currently own 21,000,000 Common Shares and $138,460 principal amount of the Debentures (convertible into 2,769,200 Common Shares), representing approximately 14.8% of the issued and outstanding voting securities of the Corporation on a non-diluted basis and 16.4% of the issued and outstanding securities of the Corporation, assuming exercise of the Debentures held by FA Media. The Common Shares were acquired for investment purposes and FA Media may increase or decrease their beneficial ownership or control depending on market or other conditions. A copy of the Early Warning Report may be found on www.SEDAR.com.