Northfield Capital Corporation Acquires Securities of Gatling Exploration Inc.
04 Julio 2019 - 9:51AM
Northfield Capital Corporation (the “Acquirer”) (TSX-V: NFDA)
announces that it has acquired ownership and control of 163,000
common shares (the “Subject Shares”) of Gatling Exploration Inc.
(the “Company”) (TSX-V: GTR), Suite 1680 – 200 Burrard St.,
Vancouver, BC, V6C 3L6 on July 3, 2019, representing approximately
0.3% of all issued and outstanding common shares of the Company as
of such date immediately following such transaction.
Immediately before the transaction described
above, the Acquirer held an aggregate of 4,495,357 common shares of
the Company, representing approximately 9.5% of the issued and
outstanding common shares of the Company. Upon completion of
the transaction described above, the Acquirer owns and controls an
aggregate of 4,658,357 common shares of the Company (the “Owned
Shares”), representing approximately 9.8% of the issued and
outstanding common shares of the Company as of July 3, 2019
immediately following the transaction described above.
Immediately before the transaction described
above, the Acquirer and its joint actor (Robert Cudney) held an
aggregate of 4,620,357 common shares of the Company. Of these
totals, 4,495,357 common shares were held by the Acquirer directly,
and 125,000 common shares were held by its joint actor,
representing approximately 9.7% of the issued and outstanding
common shares of the Company. Upon completion of the
transaction described above, the Acquirer, together with its joint
actor, own and control an aggregate of 4,783,357 common shares of
the Company (of which the 4,658,357 Owned Shares are owned by the
Acquirer directly and 125,000 common shares are owned by its joint
actor), representing approximately 10.1% of the issued and
outstanding common shares of the Company as of July 3, 2019
immediately following the transaction described above.
The Subject Shares were acquired through the
facilities of the stock exchange. The holdings of securities
of the Company by the Acquirer and its joint actor are managed for
investment purposes, and the Acquirer and its joint actor could
increase or decrease their investments in the Company at any time,
or continue to maintain their current investment position,
depending on market conditions or any other relevant factor. The
aggregate consideration payable for the Subject Shares was
$64,645.00, calculated as an aggregate of 163,000 Subject Shares
acquired at a purchase price of $0.40 per share.
The trade was effected in reliance upon the
exemption contained in Section 2.3 of National Instrument 45-106 on
the basis that the Acquirer is an “accredited investor” as defined
herein.
Additional Information
A copy of the applicable securities report filed
in connection with the matters set forth above may be obtained by
contacting:
Brent Peters – Director and VP Finance141 Adelaide
Street West, Suite 301Toronto, Ontario M5H 3L5tel:
416-628-5901
Neither the 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.
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