Ryan Kalt Reports Securities Position In Canadian International Minerals Inc.
Kelowna, BC (FSCwire) - Mr. Ryan Kalt reports that an Early Warning Report (the “EWR”) has been filed which discloses an ownership position in the securities of Canadian International Minerals Inc. (“Canadian International”) held or controlled by Mr. Kalt, a disclosure required by National Instrument 62-103.
Canadian International Minerals Inc. trades on the TSX Venture Exchange under the symbol CIN.
On November 18, 2015, Mr. Kalt acquired 1,000,000 common share units by way of a private placement (the “Common Share Units”) at a price of $0.015 per unit, with each unit being comprised of one common share (the “Placement Common Shares”, and one common share purchase warrant (the “Placement Common Share Warrants”), the latter in turn entitling the holder to acquire one additional common share at a cost of $0.05 per common share per common share warrant for a period of three years.
Prior to the acquisition of the Common Share Units, Mr. Kalt indirectly held 2,000,000 common shares of Canadian International (the “Existing Common Shares”).
The aggregate of the Existing Common Shares and the Placement Common Shares, when taken in consideration with the common shares reserved by the Placement Common Share Warrants if exercised, would represent 10.6% of the post-warrant-exercise common shares of Canadian International thereby triggering the requirement for the aforementioned EWR and this news release.
Mr. Kalt now holds or controls a total of 3,000,000 Common Shares and 1,000,000 Common Share Warrants, which, together and as of November 19, 2015, represent approximately 10.6% of the issued and outstanding common shares of Canadian International as based upon 37,665,902 common shares issued and outstanding by Canadian International, which is the number of common shares issued and outstanding were the Common Share Warrants to be exercised.
Mr. Kalt effected the direct and indirect acquisition of securities of Canadian International for investment purposes. Mr. Kalt reserves the right to purchase additional securities of Canadian International or from time to time to dispose of securities of Canadian International that he may own.
Other than a company controlled by Mr. Kalt, there are no other persons acting jointly or in concert with Mr. Kalt.
An Early Warning Report with respect to the above will be filed on SEDAR (www.sedar.com) under the profile of Canadian International Minerals Inc.
For additional information, or to obtain a copy of the report required pursuant to the early warning reporting requirements, please contact:
Ryan Kalt
200-3016 Tutt Street
Kelowna BC V1Y 2H5
Telephone: (250) 868-2598
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ryankalt11192015.pdf
Source: Ryan Kalt
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