VANCOUVER, Jan. 10, 2020 /CNW/ - Kevin Bird reports the acquisition of
3,500,000 common shares (the "Common Shares") of Interlapse
Technologies Corp. (TSXV: INLA / OTCQB: INLAF) on December 20, 2019 at a price of CDN$0.10 per Common Share, for total
consideration of CDN$350,000,
pursuant to a private placement (the "Private Placement").
Prior to the closing of the Private Placement, Mr. Bird held
4.03% or 706,868 of Interlapse's outstanding Common Shares. Upon
completion of the Private Placement on December 20, 2019, Mr. Bird acquired 3,500,000
Common Shares, resulting in Mr. Bird's ownership of approximately
16.81% or 4,206,868 of the Company's outstanding Common Shares.
Mr. Bird's acquisition of Common Shares from the Private
Placement was solely for investment purposes, and Mr. Bird may from
time to time in the future increase or decrease his ownership,
control or direction over the Common Shares of Interlapse, through
market transactions, private agreements or otherwise. The details
of the Private Placement are disclosed in Interlapse's press
release dated December 20, 2020.
This press release is being issued pursuant to National
Instrument 62-103 - The Early Warning System and Related
Take-Over Bid and Insider Reporting Issues, which requires an
early warning report to be filed under Interlapse's profile on
SEDAR (www.sedar.com) containing further information respecting the
foregoing matters. A copy of the early warning report to which this
press release relates can be obtained on the SEDAR profile of
Interlapse at www.sedar.com.
SOURCE Interlapse Technologies Corp.