Business
ESG Global Impact Capital Inc. Announces Ownership of the Common Shares of King Global Ventures Inc.
(via TheNewswire) VANCOUVER, BC, CANADA - TheNewswire - May 29, 2020 - ESG Global I...
About this update from Ai Artificial Intelligence Ventures Inc.
[{"type":"text","content":"ESG Global Impact Capital Inc. Announces Ownership of the Common Shares of King Global Ventures Inc.(via TheNewswire)\n \n \nVANCOUVER, BC, CANADA - TheNewswire - May 29, 2020 - ESG Global Impact Capital Inc. (\"ESG\") (TSXV:ESGW) (OTC:BKPPF) (Frankfurt:ES3) announces that on May 19, 2020 it acquired ownership of 6,000,000 units (the \"Units\") of King Global Ventures Inc. (\"King\") at a price of $0.015 per Unit pursuant to a non-brokered private placement (the \"Private Placement\"). Each Unit consists of one common share (the \"Shares\") and one transferable common share purchase warrant (the \"Warrants\") exercisable into Shares of King at a price of $0.05 per Share until May 19, 2022.\n\n\n \nPrior to the closing of the Private Placement, ESG held 3,619,000 shares of King, or 5.31% prior to the Private Placement.\n\n\n \nAs a result of the closing of the Private Placement, ESG holds, on a non-diluted basis, a total of 9,619,000 Shares representing 8.90% of King's issued and outstanding Shares and, on a diluted basis, ESG would hold a total of 15,619,000 Shares, representing approximately 14.46% of King's issued and outstanding Shares, should all of its Warrants be exercised.\n\n\n \nThe Shares were acquired by ESG for investment purposes. ESG may increase or decrease its ownership of securities of King as the circumstances or market conditions warrant.\n\n\n \nTo obtain a copy of the early warning report filed by ESG, please contact David Berg, Interim Chief Executive Officer and Director at 760-989-2202 or [email protected] or refer to King's SEDAR profile at www.sedar.com.\n\n \n \nTHE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. \n\n \n \nThis news release contains forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward looking statements and readers should not place undue reliance on such sta...