Business
Press Release For Early Warning Report Regarding BEACN Wizardry & Magic Inc.
(TheNewswire) Vancouver, British Columbia – TheNewswire - November 2...
About this update from Beacn Wizardry & Magic Inc
[{"type":"text","content":"Press Release For Early Warning Report Regarding BEACN Wizardry & Magic Inc.\n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, British Columbia\n \n –\n \n TheNewswire -\n \n November 2, 2021 - Ken Hallat,\nof\n \n #208 – 3993 Henning Drive, Burnaby, BC, V5C\n6P7\n \n , today announced that on October 29, 2021, he acquired\nownership of\n \n 5,605,334\n \n common shares (“\n \n Common Shares\n \n ”) in the capital of\nBEACN Wizardry & Magic Inc. (the “\n \n Company\n \n ”), a company with a head office at\n \n #301-3450 Uptown Blvd., Victoria, British Columbia, V8Z\n0B9\n \n . Mr Hallat, directly or indirectly, acquired 5,272,334\nCommon Shares pursuant to the “qualifying transaction” of the\nCompany (as such term is defined pursuant to the policies of the TSX\nVenture Exchange) at a deemed price of C$0.16 per Common Share for a\ndeemed aggregate acquisition price of C$843,573.44. Mr. Hallat,\ntogether with his associates, acquired an additional 333,000 Common\nShares and 166,500 Common Share purchase warrants (“\n \n Warrants\n \n ”) upon conversion of\nsubscription receipts acquired in connection with a non-brokered\nfinancing of the Company at a price of C$0.30 per subscription receipt\nfor an aggregate purchase price of C$99,900.\n \n \n Prior to the acquisition of the Common Shares and Warrants, Mr. Hallat\ndid not own, directly or indirectly, or exercise control or direction\nover, any securities of the Company.\n \n \n After the completion of the acquisition of Common Shares, Mr. Hallat\nnow owns\n \n \n , directly or indirectly, or\nexercises control or direction over\n \n , an aggregate of\n5,605,334 Shares and 166,500 Warrants, representing approximately\n13.10% of the issued and outstanding Shares on a non-diluted basis and\n11.34% of the issued and outstanding Shares on a fully-diluted\nbasis\n \n .\n \n \n Mr. Hallat’s acquisition was made for investment purposes. In\naccordance with applicable securities laws, Mr. Hallat may, from time\nto time and at any time, acquire additional shares and/or other\nequity, debt or other securities or instruments (collectively,\n“\n \n Securities\n \n ”) of the\nCompany in the open market or otherwise, and reserves the right to\ndispose of any or all of his Securities in the open mark...