Business
Knightsbridge Capital Group Purchases Shares of Zedcor Energy Inc.
Knightsbridge Capital Group Purchases Shares of Zedcor Energy Inc. Canada NewsWire...
About this update from Zedcor Inc
[{"type":"text","content":"\n\n\n\nKnightsbridge Capital Group Purchases Shares of Zedcor Energy Inc.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 31, 2019\n\n\n\nVANCOUVER, May 31, 2019 /CNW/ - On May 30, 2019, Knightsbridge Capital Partners Inc. (\"Knightsbridge\") and its subsidiary Knightsbridge Capital Group Trust (collectively, the \"Purchasers\") purchased an aggregate of 4,400,135 common shares (\"Common Shares\") of Zedcor Energy Inc. (\"Zedcor\") at a price of C$0.1127 per Common Share, for an aggregate purchase price of C$495,895.22, plus agreed consideration based on future share performance, pursuant to agreements between each of the Purchasers and a private seller (the \"Share Purchase\"). Immediately prior to the Share Purchase, Maynbridge Capital Inc. (\"Maynbridge\"), a subsidiary of Knightsbridge, owned warrants entitling Maynbridge to acquire 3,901,778 Common Shares (each, a \"Warrant\"), representing approximately 6.80% of the issued and outstanding Common Shares calculated on a partially-diluted basis (assuming exercise in full of its Warrants). The purchase of an aggregate of 4,400,135 Common Shares by the Purchasers represents the acquisition of approximately 7.67% of the issued and outstanding Common Shares calculated on a partially-diluted basis (assuming the exercise in full of the 3,901,778 Warrants owned by Maynbridge). As a result, Maynbridge and the Purchasers together own approximately 14.47% of the issued and outstanding Common Shares calculated on a partially-diluted basis (assuming the exercise in full of the Warrants).\nKnightsbridge acquired the Common Shares for investment purposes. Knightsbridge has no current plan or future intentions which relate to, or would result in, acquiring additional securities of Zedcor, disposing of securities of Zedcor, or any of the other actions enumerated above. Depending on market conditions, Knightsbridge's view of Zedcor's prospects and other factors considered relevant by Knightsbridge, Knightsbridge may acquire additional securities of Zedcor from time to time in the future, in the open ...