Mr. Perry Dellelce of Wildeboer reports
WILDEBOER DELLELCE LLP ACQUIRES COMMON SHARES OF NXA INC.
Wildeboer Dellelce LLP (WD) has acquired ownership and control of 2,938,000 common shares of NXA Inc. at a deemed issue price of five cents per common share pursuant to a shares-for-debt transaction of the issuer which closed on Sept. 30, 2014.
The 2,938,000 common shares acquired by WD represent 13.1 per cent of the postacquisition issued and outstanding common shares of the issuer. Immediately following the acquisition, WD holds an aggregate of 4,465,110 common shares, representing approximately 19.9 per cent of the issued and outstanding common shares of the issuer.
WD holds these securities for investment purposes only. As of the date hereof, WD does not have any future intention to acquire ownership of, or control over, additional securities of the issuer. The common shares were acquired under the accredited investor exemption under National Instrument 45-106 -- prospectus and registration exemptions.
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