Foreign Investors in FOBIAs mentioned here in the Stockhouse Bullboard in a reader's post earlier this year, there is international financial interest in FOBI.
Please find the FOBI March 6, 2024 filing on Sedar+ is the following document:
Form 45-106F1 Report of Exempt Distribution
It provides a break down of accredited investors related to the FOBI share placement. Of the total distributed (see below),
$525,700 of the $2.4 million was purchased by 7 of the 70 accredited, foreign investors. Ten (10) percent of the total investors purchased roughly 21.5 % of the total shares. Not an insignificant amount of foreign interest in FOBI AI. Distribution of shares to those noted below were between Feb 23 2024 and Feb 28 2024.
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| f) Summary of the distribution by jurisdiction and exemption |
State the total dollar amount of securities distributed and the number of purchasers for each jurisdiction of Canada and foreign jurisdiction where a purchaser resides and for each exemption relied on in Canada for that distribution. However, if an issuer located outside of Canada completes a distribution in a jurisdiction of Canada, include distributions to purchasers resident in that jurisdiction of Canada only.
This table requires a separate line item for: (i) each jurisdiction where a purchaser resides, (ii) each exemption relied on in the jurisdiction where a purchaser resides, if a purchaser resides in a jurisdiction of Canada, and (iii) each exemption relied on in Canada, if a purchaser resides in a foreign jurisdiction.
For jurisdictions within Canada, state the province or territory, otherwise state the country.
| Province or country | Exemption relied on | Number of unique purchasers2a | Total amount (Canadian $) | | British Columbia | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 26 | 531,999.0000 | | Alberta | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 20 | 540,185.9400 | | Ontario | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 10 | 765,000.0000 | | Quebec | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 7 | 80,500.0000 | | Australia | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 1 | 11,900.0000 | | China | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 1 | 14,000.0000 | | Germany | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 1 | 29,750.0000 | | Monaco | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 1 | 21,000.0000 | | Panama | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 1 | 35,000.0000 | | Singapore | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 1 | 14,000.0000 | | Thailand | other - Section 5A.2 of NI 45-106 listed issuer fina ncing exemption | 1 | 400,050.0000 | | Total dollar amount of securities distributed | $2,443,384.9400 | | Total number of unique purchasers2b | 70 | | 2a In calculating the number of unique purchasers per row, count each purchaser only once. Joint purchasers may be counted as one purchaser.
2bIn calculating the total number of unique purchasers to which the issuer distributed securities, count each purchaser only once, regardless of whether the issuer distributed multiple types of securities to, and relied on multiple exemptions for, that purchaser. |
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Please note that this foreign investment summary is solely based on the FOBI placements in February 2024. I make no represenations that this list is the sole list of foreign investors, nor do I make any representations that there are more foreign investors.
DO YOUR OWN DUE DILIGENCE.
Cheers and stay informed, jdfm22