Shareholder Files Early Warning Report in Parkit Enterprise Inc.
TORONTO, Oct. 9, 2018 /CNW/ - Avi Geller and Leonite Capital LLC ("Leonite" or the "Acquiror"), 1 Hillcrest Center Drive, Suite 232, Spring Valley, NY 10977, announced today that Leonite has filed an early warning report in respect of the termination of the previously announced arrangements between Mr. Geller, the Acquiror and certain joint actors referenced in the May 11, 2018 press release.
Prior to the filing of the early warning report, the Acquiror had ownership and control, acting jointly, over 10,808,687 common shares of the Company, representing approximately 33.45% of the then issued and outstanding shares of the Company. Following the termination of the arrangements with certain shareholders with which the Acquiror was acting jointly the number of common shares was reduced by 4,992,700. The Acquiror, acting jointly, now has ownership of 5,810,487 common shares of the Company, representing approximately 17.94% of the now issued and outstanding shares of the Company.
The Acquiror may acquire additional securities of the Issuer in the future depending on market prices and compliance with applicable securities laws. The Acquiror's status as a joint actor represents a change in a material fact from the last early warning report filed by the Acquiror.
This news release is issued pursuant to National Instrument 62-103 - The Early Warning System. A copy of the Early Warning Report will appear with the Company's documents on the SEDAR website at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Leonite Capital LLC
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Avi Geller, Leonite Capital LLC, Telephone: 845.517.2340, [email protected]
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