Ionik CorporationTSXV: INIK

Christopher locke holdings in popreach corporation falls below 10%

· Issued by Ionik Corporation via CNW
CHRISTOPHER LOCKE HOLDINGS IN POPREACH CORPORATION FALLS BELOW 10%

Canada NewsWire

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES /

TORONTO , April 28, 2022 /CNW/ - On April 28, 2022 , PopReach Corporation (TSXV: POPR) (OTCQX: POPRF) (" PopReach ") completed its business combination (the " Transaction ") with 2810735 Ontario Inc. d/b/a Federated Foundry. The Transaction is further described in PopReach's information circular dated February 14, 2022 , which has been filed under PopReach's SEDAR profile at www.sedar.com .

As a result of and pursuant to the Transaction, Christopher Locke , President of PopReach announces that his ownership and control of PopReach, personally and through his joint actor AD2101 Inc., has fallen below 10%. Immediately prior to closing of the Transaction, Mr. Locke owned, directly or indirectly, 9,965,391 Common Shares, or 13.56% of the issued and outstanding Common Shares. Following closing of the offering, Mr. Locke continues to, directly or indirectly, hold 9,965,391 Common Shares but now representing 4.29% of PopReach's issued and outstanding Common Shares.

PopReach's head office is located at 1 University Avenue, 3 rd floor Toronto, Ontario M5J 2P1. This press release is issued pursuant to National Instrument 62-103 and a copy of the early warning report required by National Instrument 62-103 will appear on the Corporation's profile on SEDAR at www.sedar.com and may also be obtained by contacting Christopher Locke at invest@popreach.com .

SOURCE Christopher Locke

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