And u have to wonder how this is allowed !!! Keon Capital investor WMC Equities buys 300,000 shares
2021-09-07 17:36 ET - News Release
Mr. William McCartney of WMC Equities reports
WMC EQUITIES INC. ACQUIRES SHARES FROM FORTUNA SILVER MINES INC.
WMC Equities Inc. has acquired 300,000 common shares of Keon Capital Inc. from Fortune Silver Mines Inc. at a price of 10 cents per purchased share for an aggregate purchase price of $30,000, pursuant to a share purchase agreement entered into between WMC and Fortuna on Sept. 7, 2021.
Prior to the acquisition, WMC did not hold, directly or indirectly, any securities in the capital of Keon. As a result of the acquisition, WMC now holds, directly, a total of 300,000 common shares, representing approximately 15.660 per cent of the issued and outstanding common shares of Keon. WMC acquired the purchased shares for private investment purposes and may increase or decrease its beneficial ownership or control in Keon as circumstances or market conditions warrant.
The acquisition was conducted in reliance on the private agreement exemption in Section 4.2 of National Instrument 62-104, Take-Over Bids and Issuer Bids, and as a result was exempt from the takeover bid requirements in Part 2 of NI 62-104. The purchased shares were purchased from fewer than five sellers and at a price less than 115 per cent of the market price of the purchased shares, in each case as calculated in accordance with NI 62-104.
This news release is issued pursuant to NI 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the related early warning report is being filed with the applicable securities commissions and can be found on SEDAR.
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