04:26:47 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



ALDD Ventures director Tso holds 7.6M shares

2023-05-08 16:12 ET - News Release

Mr. Tak Tsan Tso reports

EARLY WARNING REPORT FILED

Tak Tsan Tso, chief financial officer, corporate secretary and a director of ALDD Ventures Corp., has filed an early warning report pursuant to the requirements of National Instrument 62-103, The Early Warning System and Related Take-Over Bids and Insider Reporting Issues. A copy of the report filed by Mr. Tso can be viewed at ALDD's SEDAR profile.

The report relates to the acquisition of 80,000 common shares of ALDD.

The occurrence that triggered the requirement to file the report was the closing of ALDD's initial public offering (IPO) on May 5, 2023. Immediately before the acquisition, the acquiror owned 1.7 million common shares of ALDD, representing 47.2 per cent of the issued and outstanding common shares of ALDD prior to the IPO. Immediately after the closing of ALDD's IPO, the acquiror owned a total of 1.78 million common shares of the company, which represented 23.42 per cent of the 7.6 million issued and outstanding common shares of the company and represents a reduction of the acquiror's percentage ownership of 23.78 per cent. The average cost per share of the 80,000 acquired shares is 10 cents for aggregate consideration of $8,000. Mr. Tso may, from time to time, increase or decrease his beneficial ownership or control of ALDD shares depending on market or other conditions; however, he has no current intention to acquire or dispose of any ALDD securities.

© 2024 Canjex Publishing Ltd. All rights reserved.