(TheNewswire)
January 22, 2019 / TheNewswire / Calgary, Alberta – Jean Pomerleau (“Pomerleau”) and Riaz Sumar (“Sumar”) jointly issue this press release pursuant to Early Warning Requirements of National Instrument 62-103 with respect to NovaTeqni Corporation (the "Issuer").
On January 22, 2019, Pomerleau and Sumar each privately acquired an aggregate of 7,979,699 common shares of the Issuer from NovaMeric (Pty) Ltd. (“NovaMeric”), a company 100% owned by Gerhard Mynhardt and Gerhard Mynhardt. The 7,979,699 common shares acquired by each represent approximately 21.03% of all of the issued and outstanding shares of the Issuer (non-diluted). Pomerleau and Sumar are unrelated arms-length third parties. 13,424,051 of the common shares were disposed of by NovaMeric and 2,535,347 common shares of the Issuer were disposed of by Gerhard Mynhardt. Prior to this disposition, NovaMeric owned 13,424,051 common shares of the Issuer and Gerhard Mynhardt owned 2,535,347 common shares of the Issuer. Following this disposition, NovaMeric and Gerhard Mynhardt will own no common shares of the Issuer.
The common shares of the Issuer are listed on the TSX Venture Exchange under the trading symbol "NTQ" and the OTC Market under the symbol NVTQF.
For further information or to receive a copy of the early warning report filed by Pomerleau or Sumar with securities regulatory authorities in Canada in connection with this press release, please contact Jean Pomerleau at 403 389-6939
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