Press Release for Filing of Early Warning Report Regarding Nexoptic Technology Corp.
CALGARY, AB, March 31, 2021 /CNW/ - 3DB Inc. (the "Corporation" or "3DB"), a corporation with its head office located at 2008 104 St NW, Edmonton, Alberta T6J 5A8 today announced that on March 30, 2021, 3DB disposed (the "Disposition") of an aggregate amount of 450,000 common shares ("Common Shares") in the capital of NexOptic Technology Corp. ("NexOptic") through the private market.
As a result of the Disposition, the Corporation's direct ownership percentage in Common Shares in the capital of NexOptic has decreased.
As of February 24, 2021, the effective date of the last early warning report filed by 3DB, 3DB owned and controlled 35,678,436 Common Shares and 1,269,176 conditional warrants ("Warrants"). Following the Disposition, as of March 30, 2021, 3DB owns and controls 32,496,932 Common Shares and 1,269,176 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 2.14%, from approximately 24.87% to approximately 22.73% 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 December 31, 2020.
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
2008 104 St NW
Edmonton, Alberta T6J 5A8
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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