TEM Management Corporation: Early Warning Report
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/16/15 -- TEM Management Corporation (the "Company") announces that the Company intends to acquire from Trinity Intercontinental Ventures Corp. (the "Issuer") ownership of 1,275,000 common shares of the Issuer and 1,275,000 warrants ("Warrants") to acquire common shares of the Issuer at a price of $0.10 per share expiring five years from closing, pursuant to a non-brokered private placement by the Issuer.
Following the above transaction, the Company will own 3,230,000 common shares representing 60% of the outstanding common shares of the Issuer.
The common shares of the Company are owned 40% by Mr. Yuhu Zhang, 37% by Mr. Emil Dick-Yam Fung and 23% by Ms. Mei Li.
The Company will also hold an additional 1,955,000 warrants to acquire common shares of the Issuer at a price of $0.10 per share expiring on August 19, 2020. If all warrants of the Issuer held by the Company were exercised, the aggregate number of common shares owned or controlled, directly or indirectly, by the Company, would be 6,460,000 common shares, representing 75 % of the common shares of the Issuer that would then be outstanding.
The securities will be purchased pursuant to the accredited investor exemption in section 2.5 of National Instrument 45-106 Prospectus and Registration Exemptions for investment purposes and the Company intend to evaluate the investment and to increase or decrease holdings as circumstances warrant.
Contacts:
TEM Management Corporation
Emil Fung
President & CEO
604-689-0618
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Datum: 16.10.2015 - 17:10 Uhr
Sprache: Deutsch
News-ID 1392833
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VANCOUVER, BRITISH COLUMBIA
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Kategorie:
Venture Capital
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