02:32:26 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Newpath Resources Inc
Symbol PATH
Shares Issued 19,867,748
Close 2024-01-29 C$ 0.08
Market Cap C$ 1,589,420
Recent Sedar Documents

Newpath CEO McAulay acquires 166,000 shares

2024-01-29 20:36 ET - News Release

Mr. Alexander McAulay reports

EARLY WARNING REPORT

Alexander McAulay, chief executive officer of Newpath Resources Inc., has purchased and acquired ownership and control over 166,000 common shares of the issuer through the Canadian Securities Exchange, which represent approximately 0.84 per cent of the issued and outstanding shares of the issuer.

Prior to the transaction today, the acquiror owned and controlled 249,000 shares personally and 1,601,429 shares indirectly through Treewalk Consulting Inc., a company controlled by the acquiror, for a total of 1,850,429 shares of the issuer, representing approximately 9.31 per cent of the issuer's total issued and outstanding shares. Following the transaction, the acquiror owns and controls 415,000 shares personally and 1,601,429 shares through Treewalk Consulting for a total of 2,016,429 shares of the issuer, representing approximately 10.15 per cent of the issuer's total issued and outstanding shares.

The acquiror purchased 66,000 shares at a price of 8.5 cents per share and 100,000 shares for a price of eight cents per share for aggregate consideration of $13,610. The shares were purchased for investment purposes, and the acquiror may, directly or indirectly, depending on market and other conditions, acquire beneficial ownership of, or control or direction over, additional shares or other securities of the issuer, through market transactions, private agreements or otherwise. The acquiror may, depending on market and other conditions, sell any or all of his securities in the issuer.

This press release is being issued pursuant to National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues), which requires a report to be filed under the issuer's profile on SEDAR+ containing additional information respecting the foregoing matters. For inquiries or a copy of the related early warning report required under Canadian provincial securities legislation, a copy of which has also been filed on SEDAR+, please contact: Mr. McAulay at 220, 333 Terminal Ave., Vancouver, B.C., V6A 4C1, or at amcaulay@newpathresource.com.

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