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Tenet Fintech Group Inc. director and CEO Liang Qiu acquires 475 units of the company for $475,000, consisting of convertible debentures and warrants. Mr. Qiu now holds approximately 12.15% of the company's common shares on a partially diluted basis. The acquisition was made outside of market facilities. This acquisition is in compliance with securities laws and is part of Mr. Qiu's investment strategy.
Liang Qiu, direttore e CEO di Tenet Fintech Group Inc., ha acquisito 475 unità della società per 475.000 dollari, composte da obbligazioni convertibili e warrant. Il signor Qiu detiene ora circa il 12,15% delle azioni ordinarie della società su base parzialmente diluita. L'acquisizione è stata effettuata al di fuori delle strutture di mercato. Questa acquisizione è conforme alle leggi sui titoli e fa parte della strategia di investimento del signor Qiu.
Liang Qiu, director y CEO de Tenet Fintech Group Inc., ha adquirido 475 unidades de la compañía por 475,000 dólares, que consisten en bonos convertibles y warrants. El Sr. Qiu ahora posee aproximadamente el 12.15% de las acciones comunes de la empresa en una base parcialmente diluida. La adquisición se realizó fuera de las instalaciones del mercado. Esta adquisición cumple con las leyes de valores y es parte de la estrategia de inversión del Sr. Qiu.
테넷 핀테크 그룹 인크의 이사이자 CEO인 리앙 추(Liang Qiu)가 회사의 전환사채와 워런트로 구성된 475개 단위를 475,000달러에 취득했습니다. 추씨는 이제 회사의 보통주 약 12.15%를 부분적으로 희석된 기준으로 보유하고 있습니다. 이 취득은 시장 시설 외부에서 이루어졌습니다. 이 취득은 증권법을 준수하며 추씨의 투자 전략의 일부입니다.
Liang Qiu, directeur et PDG de Tenet Fintech Group Inc., a acquis 475 unités de l'entreprise pour 475 000 dollars, composées de débentures convertibles et de bons de souscription. M. Qiu détient désormais environ 12,15% des actions ordinaires de l'entreprise sur une base partiellement diluée. L'acquisition a été réalisée en dehors des installations de marché. Cette acquisition est conforme aux lois sur les valeurs mobilières et fait partie de la stratégie d'investissement de M. Qiu.
Liang Qiu, Direktor und CEO von Tenet Fintech Group Inc., hat 475 Einheiten des Unternehmens für 475.000 Dollar erworben, bestehend aus Wandelanleihen und Optionsscheinen. Herr Qiu hält nun ungefähr 12,15% der Stammaktien des Unternehmens auf teilweise verwässerter Basis. Der Erwerb erfolgte außerhalb der Markteinrichtungen. Diese Akquisition entspricht den Wertpapiergesetzen und ist Teil der Anlagestrategie von Herrn Qiu.
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Verdun, Quebec--(Newsfile Corp. - April 17, 2024) - Mr. Liang Qiu, a director and the Chief Executive Officer of the Chinese operations of Tenet Fintech Group Inc. (the "Company"), today announced that he has acquired ownership and control of 475 units of the Company (82 Richmond St. E., Suite 305, Toronto, ON M5C 1P1) (the "Units") on April 16, 2024, for a purchase price of $475,000. Mr. Qiu acquired the Units pursuant to the Financing (as defined in the Company's press release dated April 17, 2024). The acquisition of the Units did not take place across the facilities of any market.
Each Unit is comprised of: (i) one 10.0% non-secured convertible debenture of the Company in the principal amount of $1,000 (a "ConvertibleDebenture"); and (ii) 4,000 warrants (the "Warrants") to purchase common shares of the Company (the "Common Shares"). The Convertible Debentures will mature 36 months from the date of issuance (the "Maturity Date") and, subject to prior conversion in accordance with their terms, will be repaid in cash at the Maturity Date. Each Warrant will be exercisable to acquire one Common Share at an exercise price of $0.50 per share for a period of 24 months from the date of issuance thereof.
Immediately prior to the completion of the acquisition of securities of the Company on April 16, 2024, Mr. Qiu had ownership of, and control and direction over, an aggregate of (i) 4,093,337 Common Shares of the Company representing approximately 2.84% of the then-issued and outstanding Common Shares of the Company on a non-diluted basis (10.01% of the then-issued and outstanding Common Shares on a partially diluted basis); and (ii) 666,600 Options representing approximately 20.11% of the outstanding Options; (iii) 5,400,000 warrants representing approximately 7.45% of the outstanding warrants; and (iv) $ 1,350,000 principal amount of Convertible Debentures, representing approximately 13.93% of outstanding Convertible Debentures. Immediately following the completion of the acquisition of securities of the Company on April 16, 2024, Mr. Qiu had ownership of, and control and direction over, an aggregate of (i) 4,093,337 Common Shares of the Company, representing approximately 2.84% of the issued and outstanding Common Shares of the Company on a non-diluted basis (12.15% of the issued and outstanding Common Shares on a partially diluted basis); (ii) 666,600 Options, representing approximately 20.11% of the outstanding Options; (iii) 7,300,000 Warrants, representing approximately 8.55% of the outstanding Warrants; and (iv) $ 1,825,000 principal amount of Convertible Debentures, representing approximately 15.59% of the outstanding Convertible Debentures. If Mr. Qiu were to exercise or convert, as the case may be, all of his convertible securities, he would hold approximately 12.15% of the issued and outstanding Common Shares on a partially diluted basis.
Mr. Qiu holds the Common Shares, Options, Warrants and Convertible Debentures for investment purposes. Mr. Qiu may, from time to time, take such actions in respect of his holdings in securities of the Company as he may deem appropriate in light of the circumstances then existing, including the purchase of additional Common Shares or other securities of the Company or the disposition of all or a portion of his security holdings in the Company, subject in each case to applicable securities laws and the terms of such securities.
This news release is being disseminated in accordance with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report on www.sedarplus.ca under the Company's profile. To obtain a copy of the early warning report filed by Mr. Qiu, please contact Mr. Qiu at (514) 340-7775, or refer to www.sedarplus.ca under the Company's profile.
