TORONTO, ON / ACCESSWIRE / December 27,2018 / Vernon Lobo and Kilimanjaro Capital Inc.
("Kilimanjaro"), anentity controlled by Mr. Lobo (Mr. Lobo and Kilimanjaro, together, the
"Acquiror")collectively, own: (i) 3,839,919 commonshares (“Shares”) of EQ Inc.
(“EQ”), representing 9.1% of EQ’s issued and outstanding Shareson a non-diluted basis; and (ii) 6,093,942 Shares
and securities convertible intoShares, representing 13.7% of EQ’s issued and outstanding Shares on a partially-dilutedbasis.
(a) Mr. Lobo holds: (i) 2,439,919 Shares; (ii) 140,000 warrants, each exercisable forone Share at an exercise price of $0.13;
(iii) 343,977 warrants, each exercisable for one Share at an exercise priceof $0.60; (iv) options to purchase up to 200,000 Shares
exercisable at an exerciseprice of $0.05 per Share; and (v) options to purchase up to 62,500 Shares at an exercise price of
$0.76per Share, collectively representing 7.4%of the issued and outstanding Shares, on a partially diluted basis; and
(b) Kilimanjaro holds: (i) 1,400,000 Shares; and (ii) 1,203,308Warrants, each exercisable for one Share at an exercise price of
$0.13; (iii) 304,238 Warrants, each exercisable forone Share at an exercise price of $0.60, collectively representing 6.63% of the
issued and outstanding Shares,on a partially diluted basis.
Collectively, the Acquiror owns: (i) 3,839,919Shares, representing 9.1% of theissued and outstanding Shares on a non-diluted
basis; and (ii) 6,093,942 Sharesand securities convertible into Shares, representing 13.7% of the issued and outstandingShares on a
partially-diluted basis.
The Shares held by the Acquiror were purchasedand are presently being held for investment purposes. In the future, the
Acquirormay acquire additional securities of the Issuer or dispose of such securities subjectto a number of factors, including
general market and economic conditions and otheravailable investment and business opportunities.
A copy of the early warning report tobe filed by the Acquiror will be available on SEDAR under the Issuer's profile on www.sedar.com.
This early warning news release is issuedunder the early warning provisions of Canadian securities legislation, including
National Instrument 62-104 - Take-Over Bids and Issuer Bids and NationalInstrument 62-103 - The Early Warning System
and Related Take-Over Bid and InsiderReporting Issues.
TheTSX Venture Exchange has not reviewed and does not accept responsibility for theadequacy or
accuracy of this press release nor have they approved nor disapprovedthe content thereof.
For further information:
Vernon Lobo, 6300 Northam Drive, Mississauga, Ontario, L4V 1H7.
Peter Kanniah, Chief Financial Officer, EQ Inc. 1235 Bay Street, Suite401, Toronto, Ontario, M5R 3K4, press@eqworks.com, www.eqworks.com.
SOURCE: EQ Inc.
