Michael Gentile Announces Filing of Early Warning Report Related to Acquisition of Units of Astra Exploration Inc.
Michael Gentile has acquired 7,416,667 units of Astra Exploration Inc. through a private placement. Each unit includes one common share and half a warrant, with each full warrant allowing purchase of one common share at $0.10 for one year. Following this acquisition, Gentile now owns 14,216,667 common shares and 4,708,333 warrants, increasing his ownership to 16.91% undiluted and 21.31% on a partially diluted basis. The warrants include provisions preventing ownership from exceeding 19.99% of total shares. Gentile indicates a long-term investment perspective with potential for future acquisitions or dispositions based on market conditions.
Michael Gentile ha acquisito 7.416.667 unità di Astra Exploration Inc. tramite un collocamento privato. Ogni unità comprende un'azione ordinaria e metà di un warrant, con ogni warrant intero che consente l'acquisto di un'azione ordinaria a $0.10 per un anno. Dopo questa acquisizione, Gentile possiede ora 14.216.667 azioni ordinarie e 4.708.333 warrants, aumentando la sua proprietà al 16,91% senza diluizione e 21,31% su una base parzialmente diluita. I warrants includono disposizioni che impediscono di superare il 19,99% del totale delle azioni. Gentile indica una prospettiva di investimento a lungo termine con potenziale per future acquisizioni o cessioni in base alle condizioni di mercato.
Michael Gentile ha adquirido 7.416.667 unidades de Astra Exploration Inc. a través de una colocación privada. Cada unidad incluye una acción común y medio warrant, con cada warrant completo permitiendo la compra de una acción común a $0.10 durante un año. Tras esta adquisición, Gentile ahora posee 14.216.667 acciones comunes y 4.708.333 warrants, aumentando su propiedad al 16.91% sin dilución y 21.31% sobre una base parcialmente diluida. Los warrants contienen disposiciones que impiden que la propiedad exceda el 19.99% del total de acciones. Gentile indica una perspectiva de inversión a largo plazo con potencial para futuras adquisiciones o disposiciones según las condiciones del mercado.
마이클 겐틸레가 사모 배정으로 Astra Exploration Inc.의 7,416,667 단위를 인수했습니다. 각 단위는 하나의 보통주와 반 개의 워런트를 포함하고 있으며, 각 전체 워런트는 1년 동안 $0.10에 하나의 보통주를 구매할 수 있게 해줍니다. 이번 인수 이후, 겐틸레는 현재 14,216,667 보통주와 4,708,333 워런트를 보유하며, 그의 소유 지분은 16.91% 비희석 기준 및 21.31% 부분 희석 기준으로 증가했습니다. 워런트에는 소유 비율이 전체 주식의 19.99%를 초과하지 못하도록 하는 조항이 포함되어 있습니다. 겐틸레는 시장 상황에 따라 향후 인수 또는 처분에 대한 잠재력을 가진 장기 투자 관점을 나타내고 있습니다.
Michael Gentile a acquis 7.416.667 unités de Astra Exploration Inc. par le biais d'un placement privé. Chaque unité comprend une action ordinaire et la moitié d'un bon de souscription, chaque bon de souscription complet permettant d'acheter une action ordinaire à 0,10 $ pendant un an. Suite à cette acquisition, Gentile possède maintenant 14.216.667 actions ordinaires et 4.708.333 bons de souscription, portant sa part à 16,91% non dilué et 21,31% sur une base partiellement diluée. Les bons de souscription comprennent des dispositions empêchant la propriété de dépasser 19,99 % du total des actions. Gentile indique une perspective d'investissement à long terme avec un potentiel d'acquisitions ou de cessions futures en fonction des conditions du marché.
Michael Gentile hat 7.416.667 Einheiten von Astra Exploration Inc. durch eine Privatplatzierung erworben. Jede Einheit umfasst eine Stammaktie und die Hälfte eines Warrants, wobei jeder vollständige Warrant den Kauf einer Stammaktie zu $0,10 für ein Jahr ermöglicht. Nach dieser Akquisition besitzt Gentile jetzt 14.216.667 Stammaktien und 4.708.333 Warrants, was seinen Anteil auf 16,91% unverdünnt und 21,31% teilweise verdünnt erhöht. Die Warrants enthalten Bestimmungen, die verhindern, dass der Eigentum über 19,99% der Gesamtaktien hinausgeht. Gentile zeigt eine langfristige Investitionsperspektive mit Potenzial für zukünftige Akquisitionen oder Veräußern basierend auf den Marktbedingungen.
- Significant increase in ownership position from 13.40% to 16.91% undiluted
- Strategic long-term investment perspective indicated
- Substantial warrant position providing future growth potential
- Warrant exercise limitations capped at 19.99% ownership
- Potential future share dilution from warrant exercises
- Risk of share price pressure from potential future sales
Toronto, Ontario--(Newsfile Corp. - November 8, 2024) - Michael Gentile announces that he has filed an early warning report (the "Report") announcing the acquisition (the "Acquisition") of 7,416,667 units (the "Units") in the capital of Astra Exploration Inc. (the "Company") in the Company's private placement. Each Unit consisted of one common share (each, a "Common Share") in the capital of the Company and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of
Prior to the completion of the Acquisition, Mr. Gentile beneficially owned or controlled an aggregate of 6,800,000 Common Shares and 1,000,000 Warrants, representing approximately
The Common Shares were acquired for investment purposes. Mr. Gentile has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
For further details relating to the Acquisition, please see the Report, a copy of which is available on SEDAR+, or by contacting Michael Gentile at (514) 591-4227.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229223
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