Press Release for Filing of Early Warning Report Regarding Nexoptic Technology Corp.
EDMONTON, AB, Aug. 11, 2021 /CNW/ - 3DB Inc. (the "Corporation" or "3DB"), a corporation with its head office located in Edmonton, Alberta today announced that on August 11, 2021, 3DB disposed (the "Disposition") of an aggregate amount of 1,150,000 common shares ("Common Shares") in the capital of NexOptic Technology Corp. ("NexOptic") through the private market.
Prior to the Disposition, on August 10, 2021, the Corporation's direct ownership percentage in Common Shares in the capital of NexOptic decreased and as a result, 3DB is no longer an "insider" of NexOptic as such term is defined in the Securities Act (Alberta).
As of July 26, 2021, the effective date of the last early warning report filed by 3DB, 3DB owned and controlled 15,837,339 Common Shares and 1,008,109 conditional warrants ("Warrants"). Following the Disposition, as of August 11, 2021, 3DB owns and controls 13,339,537 Common Shares and 1,008,109 Warrants.
Pursuant to the calculations required by National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"), following the Disposition, 3DB's ownership of NexOptic since the effective date of the last early warning report decreased by approximately 1.69%, from approximately 11.36% to approximately 9.67% of the outstanding Common Shares on a diluted basis calculated in accordance with the provisions of NI 62-103. All security holding percentages provided herein are based on the issued and outstanding Common Shares of NexOptic as disclosed in the Management Discussion & Analysis for NexOptic for the period ended March 31, 2021.
The required early warning report is being filed on System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com as of the date hereof.
NexOptic is located at 1500-409 Granville Street, Vancouver, British Columbia, V6C 1T2.
For more information, or to obtain a copy of the subject early warning report, please contact:
3DB Inc.
Attention: Darcy Daugela
2500 - 10175 101 ST NW
Edmonton, Alberta T5J 0H3
Telephone: 587-708-0402
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE NexOptic Technology Corp.
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