Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Press Release Regarding Early Warning Report

V.DCMC

This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

CALGARY, Alberta, Jan. 21, 2019 (GLOBE NEWSWIRE) -- An option ("Option") to purchase 450,000 common shares ("Common Shares") of ChaiNode Opportunities Corp. (the "Issuer" or "ChaiNode") has been granted to Kenneth L. DeWyn. The Option entitles Mr. DeWyn to acquire up to 450,000 Common Shares at an exercise price of $0.10 per share and expires on January 18, 2029.

Prior to the acquisition, Mr. DeWyn owned 5,400,000 Common Shares. Mr. DeWyn now owns 5,400,000 Common Shares, representing 60.00% of the issued and outstanding Common Shares and the Option to acquire 450,000 Common Shares. Assuming the exercise of the entire Option held by Mr. DeWyn, he will own 5,850,000 Common Shares representing 61.90% of the issued and outstanding Common Shares.

The Option was granted to Mr. DeWyn as part of the compensation program of the Corporation.

ChaiNode is located at 900, 903 - 8th Avenue S.W., Calgary, Alberta T2P 0P7.

A report respecting this acquisition will be filed with the applicable securities commissions using the System for Electronic Document Analysis and Retrieval (SEDAR) and will be available for viewing on the Issuer’s profile at www.sedar.com.

For further information or to obtain a copy of the early warning report, please contact Kenneth L. DeWyn, President, Chief Executive Officer, Chief Financial Officer and Corporate Secretary of the Issuer at (403) 690-5387 or via email kdewyn@shaw.ca.

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

Tags:


Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today