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Enter Symbol
or Name
USA
CA



Eight Solutions Inc
Symbol ES
Shares Issued 54,795,891
Close 2015-07-31 C$ 0.53
Market Cap C$ 29,041,822
Recent Sedar Documents

ORIGINAL: Eight Solutions investor Armes buys 2.84 million shares

2015-08-04 17:52 ET - News Release

Received by email:

File: Gener8 -- News Release for earlywarning report for Roderick Armes  - Aug, 2015.DOC

NEWS RELEASE - EARLY WARNING REPORT ISSUED PURSUANT TO NI 62-103
ACQUISITION OF SECURITIES OF EIGHT SOLUTIONS INC.
This press release is being disseminated as required by National Instrument 62-103 in connection with the filing of an
---> Early Warning Report regarding the acquisition of securities of Eight Solutions Inc. (the "Issuer") pursuant to a deb
--->t settlement transaction.   
On July 31, 2015, Roderick Armes (the "Offeror") acquired 2,847,738 common shares (the "Shares") of the Issuer and a c
--->onvertible debenture in the principal amount of $1,500,000 bearing interest at 6% per annum, maturing January 27, 2018
---> and convertible into common shares of the Issuer at a price of $0.55 per share (the "Debenture").  The Shares and Deb
--->enture were issued in settlement of an aggregate of $2,923,869 of indebtedness owed to the Offeror.
After issuance of the Shares and assuming exercise of the Debenture and 100,000 vested stock options, the Offeror bene
--->ficially owns 10,909,936 common shares of the Issuer representing 19.9% of the issued and outstanding common shares of
---> the Issuer based on the total issued and outstanding common shares of 54,795,891 as of the date hereof after giving e
--->ffect to the conversion of the Debenture and exercise of stock options.
The Offeror acquired the Shares and Debenture that are the subject of this early warning report for investment purpose
--->s.  The Offeror may, depending on various factors including, without limitation, market and other conditions, increase
---> or decrease his beneficial ownership, control or direction over Shares, the Debenture or other securities of the Issu
--->er, through market transactions, private agreements, treasury issuances, exercises of convertible securities or otherw
--->ise. The Shares and Debenture are subject to statutory resale restrictions which expire on December 1, 2015.

In connection with this news release, the Early Warning Report has been filed in accordance with applicable securities
---> laws. A copy of the Early Warning Report will be available for review under the Issuer's profile on SEDAR at www.seda
--->r.com.
 
"Roderick Armes"  RODERICK ARMES 
For further information, please contact:
Roderick Armes 100 - 138 East 7th Avenue Vancouver, BC  V5T 1M6




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