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Hill Inc V.HILL

Alternate Symbol(s):  HSEEF

Hill Incorporated is a progressive bioscience implementation company. It is engaged in building pathways to better and healthier living by leveraging its consumer-packaged goods (CPG) expertise to commercialize technologies to craft cannabis solutions and non-alcoholic beverage products globally. Its Hill Avenue Cannabis business unit is pioneering the space where craft consumer products meet bioscience by combining its CPG commercialization expertise with its rights to use Lexaria Bioscience Corp’s DehydraTECH patent portfolio for product development, licensing and business-to-business (B2B) and business-to-consumer sales of cannabis ingredients or products on a global scale. Its Hill Street Beverages business unit represents its legacy alcohol-free consumer beverage marketing and distribution business. It provides DehydraTECH-enabled B2B solutions for both cannabis extractors and ingredient suppliers and CPG manufacturers whose products are infused with cannabis and or hemp extracts.


TSXV:HILL - Post by User

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Post by TimeBuilderon Oct 13, 2021 11:11am
317 Views
Post# 34001000

Acquisition of Shares PR

Acquisition of Shares PR

Acquisition of Shares by HoldCo (St. Catharines) Ltd.

Newsfile Corp - 1 hour ago
 

Toronto, Ontario--(Newsfile Corp. - October 13, 2021) - Hill Street Beverage Company Inc. (TSXV: BEER) (" Hill Street " or the " Company "): This press release is being disseminated by HoldCo (St. Catharines) Ltd. (the " Acquiror ") as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bids and Insider Reporting Issues, in connection with its acquisition of securities of Hill Street.

Pursuant to a private contract, the Acquiror acquired 7,000,000 common shares in the capital of the Company at a deemed purchase price of $0.05 per Common Share.

Prior to the acquisition, controlled 41,797,855 Common Shares, representing 19.69% of the 212,294,453 issued and outstanding Common Shares. After the acquisition the Acquiror controlled 48,797,855 Common Shares, representing 22.99% of the 212,294,453 issued and outstanding Common Shares. The Acquiror is relying on the exemption set forth in Section 4.2 of National Instrument 62-104 - Take Over Bids and Issuer Bids , of the formal bid rules, on the basis that this transaction is being made pursuant to a private agreement between the Acquiror and the vendor.

The Acquiror acquired the Common Shares for investment purposes. The Acquiror intends to review its investment in Company on a continuing basis and may, from time to time and at any time, acquire or cause to be acquired additional equity or debt securities or other instruments of Company, or dispose or cause to be disposed such equity or debt securities or instruments, through open market transactions, private placements by Company and other privately negotiated transactions, or otherwise, in each case in accordance with applicable securities laws.

An early warning report will be filed by the Acquiror under applicable securities laws and will be available on Company's SEDAR profile at www.sedar.com . A copy of the early warning report may also be obtained from James Leech, Corporate Secretary, jleech@torkinmanes.com .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99501

comtex tracking

COMTEX_395100372/2523/2021-10-13T08:52:00


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