Menē Inc. Director Files Early Warning Report
11 Julio 2024 - 4:00PM
Roy Sebag, a director of Menē Inc. (the
“
Company”), would like to announce an update to
his beneficial ownership of the Company pursuant to National
Instrument 62-103 – The Early Warning System and Related Take-Over
Bid and Insider Reporting Issues (“
NI 62-103”). As
a result of recent acquisitions (the
“
Acquisitions”) made by Mr. Sebag through the
facilities of the TSX Venture Exchange, the most recent of which
being the acquisition of 293,500 class B subordinate voting shares
(“
Subordinate Shares”) of the Company on July 9,
2024, for aggregate consideration of CAD$35,220, at an average cost
of CAD$0.12 per Subordinate Share (the “
Purchased
Shares”), Mr. Sebag will file an early warning report in
accordance with the requirements of National Instrument 62-104 –
Take-Over Bids and Issuer Bids.
Following the completion of the Acquisitions,
Mr. Sebag now owns 7,894,897 Subordinate Shares, representing
approximately 39% of the issued and outstanding Subordinate Shares
on a partially diluted basis. The Acquisitions, in conjunction with
certain Company events, represents a change of over 2% in Mr.
Sebag’s holdings in the Company since the filing of Mr. Sebag’s
last early warning report on November 5, 2018, where Mr. Sebag held
5,487,001 Subordinate Shares representing 43.35% of the Subordinate
Shares on a partially diluted basis.
The Purchased Shares were acquired for
investment purposes. Mr. Sebag has a long-term view of the
investment and may acquire additional securities including on the
open market or through private acquisitions or sell the securities
including on the open market or through private dispositions in the
future depending on market conditions or other relevant
factors.
This news release is issued pursuant to NI
62-103, which also requires an early warning report to be filed
with the applicable securities regulators containing additional
information with respect to the foregoing matters. A copy of the
early warning report will be made available under the Company’s
profile on SEDAR+ (www.sedarplus.ca).
For further information or to receive a copy of
the early warning report, please contact:
Roy Sebag110 Yonge Street, Suite 1601 | Toronto,
ON M5C 1T4T: 647-259-1790
No stock exchange, securities commission or
other regulatory authority has approved or disapproved the
information contained herein.