23:37:12 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Amego Capital Corp
Symbol MEGO
Shares Issued 3,675,000
Close 2023-12-05 C$ 0.27
Market Cap C$ 992,250
Recent Sedar Documents

Amego notes final TSX-V bulletin for $536,522 placement

2023-12-06 18:30 ET - News Release

Mr. Kirk Exner reports

AMEGO ANNOUNCES FINAL EXCHANGE BULLETIN IN RESPECT OF NON-BROKERED PRIVATE PLACEMENT OF SHARES

Further to Amego Capital Corp.'s news release dated Nov. 30, 2023, the TSX Venture Exchange has published its final exchange bulletin in connection with the company's previously announced non-brokered private placement of 1,916,152 common shares in the capital of the company at 28 cents per share for aggregate proceeds of $536,522.56.

Pursuant to the offering, Fraser Atkinson, a director of the issuer from Vancouver, B.C., and Kirk Exner (Mr. Exner, and together with Mr. Atkinson, the investors), the chief executive officer and a director of the company from Langley, B.C., acquired control over 660,000 shares for a total consideration of $184,800 and 80,000 shares for a total consideration of $22,400, respectively. Immediately prior to the closing of the offering on Nov. 30, 2023, Mr. Atkinson beneficially held and/or had control over an aggregate 394,000 shares of the company (representing approximately 10.72 per cent of the then-issued and outstanding shares on a non-diluted basis and 12.18 per cent on a partially diluted basis), and Mr. Exner 646,500 shares of the company (representing approximately 17.59 per cent of the then-issued and outstanding shares on a non-diluted basis and 21.20 per cent on a partially diluted basis).

Immediately following the closing, Mr. Atkinson held and/or had control over, directly or indirectly, 1,054,000 shares (representing approximately 18.85 per cent of issued and outstanding shares on a non-diluted basis and 19.73 per cent on a partially diluted basis), and Mr. Exner, 726,500 shares (representing approximately 12.99 per cent of issued and outstanding shares on a non-diluted basis and 15.54 per cent on a partially diluted basis). As a result of the closing, the security holding percentage of Mr. Atkinson increased by approximately 8.13 per cent in respect of the shares on a non-diluted basis and 7.55 per cent on a partially diluted basis, and those of Mr. Exner decreased by approximately 4.60 per cent in respect of the shares on a non-diluted basis and 5.66 per cent on a partially diluted basis. Each of Mr. Atkinson and Mr. Exner held 61,262 and 168,426 stock options of the company, respectively, before and after the closing. Such transactions are exempt from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 -- Protection of Minority Securityholders in Special Transactions pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of any securities issued to nor the consideration paid by such person exceeds 25 per cent of the company's market capitalization.

Each of the investors has acquired the shares for investment purposes. The investors may acquire additional securities of the company, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position, depending on market conditions, reformulation of plans and/or other relevant factors, subject in each case to applicable securities law.

The foregoing disclosure is being disseminated pursuant to National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting. Copies of the early warning reports with respect to the foregoing will appear on the company's profile on SEDAR+ and may also be obtained by contacting Mr. Exner, chief executive officer.

About Amego Capital Corp.

Amego is publicly listed on the TSX-V under the symbol MEGO.P. Amego was formed as a capital pool company in accordance with policies of the TSX-V. The head office of Amego is located at suite 2050, 1055 West Georgia St., Vancouver, B.C., V6E 3P3, Canada.

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