RE:CEO sold 2 million shares already?So wait .... You read that NR but not this one?
Mr. Carman Parente reports
EARLY WARNING REPORT
Carman Parente, president and chief executive officer of New Age Farm Inc., has received eight million shares of New Age Farm as compensation for services provided to the issuer at a deemed price of 7.125 cents per share and subscribed for a further two million shares at a price of 8.5 cents per unit share as part of the issuer's recently closed private placement (see the issuer's news release dated Oct. 16, 2016), and has thereby acquired ownership and control over an additional 10 million common shares. These shares are in addition to the 16,060,565 shares he already owned prior to the transaction. Immediately after the transaction, Mr. Parente owned 26,060,565 or 26.65 per cent of the issued and outstanding common shares of the issuer. The shares were acquired for investment purposes, and, depending on market and other conditions, Mr. Parente may from time to time in the future increase or decrease his ownership, control or direction over securities of the issuer through market transactions, private agreements or otherwise. Mr. Parente has filed on SEDAR a report in accordance with National Instrument 62-103.
We seek Safe Harbor.
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