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Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Securities of Rocky Mountain Liquor Inc.
EDMONTON, AB / ACCESSWIRE / September 29, 2021 / Rocky Mountain Liquor Inc. ("Rocky Mountain...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Securities of Rocky Mountain Liquor Inc.EDMONTON, AB / ACCESSWIRE / September 29, 2021 / Rocky Mountain Liquor Inc. (\"Rocky Mountain\" or the \"Company\") (TSXV:RUM) announced today that Byrne Alberta Ltd (the \"Acquiror\"), on September 28, 2021, a company owned 100% by Peter and Joan Byrne, acquired common shares (the \"Common Shares\") of Rocky Mountain through the facilities of the TSX Venture Exchange (the \"Transaction\"). The Acquiror acquired ownership and control of 1,207,500 Common Shares at a price of $0.18 per Common Share.Immediately prior to the Transaction Peter and Joan Byrne and 73297 Newfoundland and Labrador Ltd. (the \"Joint Actors\") along with the Acquiror directly and indirectly owned and controlled 9,431,290 Common Shares, representing approximately 19.9% of the issued and outstanding Common Shares as of September 28, 2021 based on 47,489,937 Common Shares issued and outstanding as of such date.Immediately following the Transaction, the Acquiror and the Joint Actors, together, directly and indirectly owned and controlled 10,638,790 Common Shares, on a fully diluted basis, which represented approximately 22.4% of the issued and outstanding Common Shares as of September 28, 2021 based on 47,489,937 Common Shares issued and outstanding as of that date. There are no outstanding stock options or warrants issued; 47,489,937 outstanding Common Shares represents the entire float.The Acquiror is relying on the Private Agreement Exemption, under section 4.2 of National Instrument 62-104, Take-Over Bids and Issuer Bids as all items under section 4.2 are satisfied being that the Transaction was a private agreement between no more than five persons and consideration paid was not more than 115% of the current market price of the securities.The acquisition represents 2.5% of Common Shares of the Issuer and changes the percentage of ownership of the Acquiror and Joint Actors by more than 2% of Common Shares of the Issuer, triggering the filing of an Early Warning Report.Peter Byrne is the Executive Chairman of Rocky Mountain and Joan Byrne is his spouse. Byrne Alberta Ltd. is a corporation registered in Alberta and Newfoundland and Labrador, owned 100% by Peter and Joan Byrne.The Acquiror acquired the securities of Rocky Mountain for inves...