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Damon Announces Arrangement Agreement with eSight Corporation for Proposed Qualifying Transaction
(via Thenewswire.ca) Vancouver, BC / TheNewswire / July 22, 2015 - Damon Capital C...
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[{"type":"text","content":"Damon Announces Arrangement Agreement with eSight Corporation for Proposed Qualifying Transaction(via Thenewswire.ca)\n\n \n\nVancouver, BC / TheNewswire / July 22, 2015 - Damon Capital Corp. (NEX Symbol: DAM.H) (\"Damon\") reports that, further to its news release dated July 20, 2015 (the \"News Release\") announcing its proposed business combination with eSight Corporation (\"eSight\") intended to constitute Damon's qualifying transaction (the \"Transaction\"), the summary table of anticipated post-closing holdings of Damon and eSight shareholders did not take into account the exchange ratio of 7.51 common shares of Damon for each common share of eSight. \n\n\n \nThe table below summarizes the anticipated shareholdings of Damon and eSight shareholders in the combined entity following completion of the Transaction, which incorporates the share exchange ratio and reflects the resulting proportionate change in relative percentages of ownership.\n\n \n\nHolders*\n\n\n\n\nPre-Consolidation Number of Shares of Resulting Issuer\n\n\n\n\nPre-Consolidation Warrants, Options and Convertible Securities of Resulting Issuer\n\n\n\n\nPre-Consolidation Fully Diluted Total Shares of Resulting Issuer\n\n\n\n\nPost- Consolidation Fully Diluted Total Shares of Resulting Issuer\n\n\n\n\nPercentage of Post-Consolidation Fully Diluted Total Shares of Resulting Issuer\n\n\n\n\nDamon shareholders\n\n\n\n\n6,987,300\n\n\n\n\n448,728\n\n\n\n\n7,436,028\n\n\n\n\n247,867\n\n\n\n\n0.73%\n\n\n\n\neSight shareholders\n\n\n\n\n841,096,644\n\n\n\n\n\n172,862,589\n\n\n\n\n\n1,013,959,233\n\n\n\n\n\n33,798,641\n\n\n\n\n\n99.27%\n\n\n\n\nTotal\n\n\n\n\n848,083,944\n\n\n\n\n173,311,317\n\n\n\n\n1,021,395,261\n\n\n\n\n34,046,508\n\n\n\n\n100.00%\n\n\n\n \n*Not including shares issued upon completion of the Offering (as defined in the News Release). Upon completion of the Offering, the relative percentages of ownership of Damon and eSight shareholders will change proportionately.\n\n\n \n(a.a)About Damon Capital Corp. \n\n\n \nDamon is a capital pool company governed by Exchange policies. Damon's principal business is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction within the meaning of Exchange policies.\n\n\n \nCompletion of the proposed transaction is subject to a number of conditions, including but no...