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Enter Symbol
or Name
USA
CA



Imagination Park Entertainment Inc
Symbol IP
Shares Issued 72,781,470
Close 2018-11-09 C$ 0.12
Market Cap C$ 8,733,776
Recent Sedar Documents

ORIGINAL: Imagination investor Inwentash acquires 7.75M shares

2018-11-09 16:19 ET - News Release

Received by email:

File: 2018-11-09 - Press Release - Sheldon early warning IP.pdf

                                            NEWS RELEASE

         SHELDON INWENTASH AND JOINT ACTORS ACQUIRES SECURITIES OF
                   IMAGINATION PARK ENTERTAINMENT INC.

Toronto, Ontario, November 9, 2018   Sheldon Inwentash ("Inwentash") announces that his joint actors
(the "Joint Actors") have acquired ownership and control of an aggregate of 7,750,000 common shares
(the "Subject Shares") and 7,750,000 common share purchase warrants (the "Subject Warrants" and
together with the Subject Shares, the "Subject Units") of Imagination Park Entertainment Inc. (the
"Company") on November 9, 2018. The Subject Units represented approximately 7.6% of all issued and
outstanding common shares of the Company as of November 9, 2018 immediately following the transaction
described above (or approximately 14.2% on a partially diluted basis, assuming exercise of the Subject
Warrants only), resulting in a corresponding increase in the percentage of shares held by the Joint Actors
as a result of the transaction.

Immediately before the transaction described above, Inwentash and the Joint Actors held an aggregate of
2,600,000 common shares of the Company (the "Pre-Shares"), and convertible securities entitling
Inwentash and the Joint Actors to acquire an additional 5,400,000 common shares of the Company (the
"Pre-Convertible Securities") representing approximately 3.4% of the issued and outstanding common
shares of the Company (or approximately 9.8% on a partially diluted basis, assuming exercise of the Pre-
Convertible Securities only). Of this total, Inwentash held an aggregate of nil of the Pre-Shares and
1,000,000 Pre-Convertible Securities, representing approximately 0 .0% of the issued and outstanding
common shares of the Company (or approximately 1.3% assuming exercise of such Pre-Convertible
Securities only), and the Joint Actors held an aggregate of 2,600,000 of the Pre-Shares and 4,400,000 Pre-
Convertible Securities, representing approximately 3.4% of the issued and outstanding common shares of
the Company (or approximately 8.7% assuming exercise of such Pre-Convertible Securities only).

Immediately following the transaction described above, Inwentash and the Joint Actors held an aggregate
of 10,350,000 common shares (the "Post-Shares") and convertible securities entitling Inwentash and the
Joint Actors to acquire an additional 13,150,000 common shares of the Company (the "Post-Convertible
Securities"), representing approximately 10.2% of the issued and outstanding common shares of the
Company (or approximately 20.5% assuming exercise of such Post-Convertible Securities only). Of this
total, Inwentash held an aggregate of 2, 500,000 of the Post-Shares and 3,500,000 of the Post-Convertible
Securities (representing approximately 2.5% of the issued and outstanding common shares of the Company
or approximately 5.8% assuming exercise of such Post-Convertible Securities only), and the Joint Actors
held an aggregate of 7,850,000 of the Post-Shares and 9,650,000 of the Post-Closing Convertible
Securities (representing approximately 7.7% of the issued and outstanding common shares of the Company,
or approximately 15.7% assuming exercise of such Post-Convertible Securities only).

The Subject Units were acquired in a private placement and not through the facilities of any stock exchange.
The holdings of securities of the Company by Inwentash and the Joint Actors are managed for investment
purposes, and Inwentash and the Joint Actors could increase or decrease their investments in the Company
at any time, or continue to maintain their current investment position, depending on market conditions or
any other relevant factor. The aggregate consideration payable for the Subject Units was $930,000, or $0.12
per Subject Unit.

The trade was effected in reliance upon the exemption contained in Section 2.3 of National Instrument 45-
106 on the basis that each of Inwentash and the Joint Actors are an "accredited investor" as defined herein.
 Additional Information

A copy of the applicable securities report filed in connection with the matters set forth above may be
obtained by contacting:

Sheldon Inwentash
69 Yonge St., Suite 1010
Toronto, ON, M5E 1K3

Tel: 416-941-8900




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