TORONTO, ONTARIO--(Marketwired - Oct. 1, 2014) - Wildeboer Dellelce LLP ("WD") has acquired ownership and control of 2,938,000 common shares ("Common Shares") of NXA Inc. (the "Issuer") at a deemed issue price of $0.05 per Common Share pursuant to a shares for debt transaction of the Issuer which closed on September 30, 2014.
The 2,938,000 Common Shares acquired by WD represent 13.1% of the post-acquisition 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% 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.
For more information, please contact Mr. Perry Dellelce of Wildeboer Dellelce LLP, Wildeboer Dellelce Place, 365 Bay Street, Suite 800, Toronto, Ontario M5H 2V1 at (416) 361-3121. Pursuant to National Instrument 62-103, WD will file an early warning report with applicable Canadian securities regulators, a copy of which will be available under the Issuer's profile at
www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.