Business News • MarketWire • Manu K. Sekhri Discloses Holdings in Quantum International Income Corp. |
Manu K. Sekhri Discloses Holdings in Quantum International Income Corp. |
|
|
Manu K. Sekhri Discloses Holdings in Quantum International Income Corp.
TORONTO, ONTARIO--(Marketwired - May 31, 2017) - Manu K. Sekhri (the "Acquiror") announces that, pursuant to a subscription agreement (the "Subscription Agreement") dated May 29, 2017 between Ascendant Group Holdings Inc., a company indirectly controlled by the Acquiror ("Ascendant"), and Quantum International Income Corp. (the "Company"), the Acquiror through Ascendant acquired beneficial ownership of 1,588,235 units of the Company (the "Units") by way of a private placement (the "Private Placement"). Pursuant to the terms and conditions of the Subscription Agreement, Ascendant paid C$0.17 per Unit for an aggregate acquisition cost of C$269,999.95. Each Unit acquired by the Acquiror through Ascendant pursuant to the Private Placement consists of one common share of the Company (a "Common Share") and one common share purchase warrant of the Company (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share until May 29, 2020 at a price of C$0.215.
View More : http://www.marketwired.com/mw/release.do?id=2219538&sourceType=3
|
|
|