11:54:10 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Windfall Geotek Inc
Symbol WIN
Shares Issued 133,595,628
Close 2023-06-01 C$ 0.12
Market Cap C$ 16,031,475
Recent Sedar Documents

Windfall investor Anderson increases holdings to 10.81%

2023-06-01 17:37 ET - News Release

Mr. Brent Anderson, a shareholder, reports

BRENT ANDERSON NEWS RELEASE

Brent Anderson has filed an early warning report in respect of having marginally increased his share ownership of Windfall Geotek Inc. above 10 per cent for the first time as a result of his acquisition of 285,000 common shares of the issuer pursuant to market purchases through the facilities of the TSX Venture Exchange for aggregate consideration of $21,375 (approximately 7.5 cents per share).

On May 16, 2023, pursuant to the acquisition, Mr. Anderson acquired direct ownership of an aggregate of 285,000 common shares of the issuer, representing approximately 0.21 per cent of the issued and outstanding common shares of the issuer on a non-diluted basis. Immediately prior to such date, Mr. Anderson owned 13,355,000 common shares of the issuer, representing approximately 9.99 per cent of the issued and outstanding common shares of the issuer on a non-diluted basis (based on there being 133,595,628 common shares issued and outstanding immediately prior to the acquisition). As a result of the acquisition, Mr. Anderson owned 13.64 million common shares of the issuer, representing approximately 10.21 per cent of the issued and outstanding common shares of the issuer on a non-diluted basis, thereby increasing his ownership above 10 per cent (based on there being 133,595,628 common shares issued and outstanding as of May 16, 2023).

Subsequently, Mr. Anderson acquired ownership of an additional 810,000 common shares of the issuer pursuant to market purchases through the exchange. Accordingly as of the date of hereof, Mr. Anderson owns 14.45 million common shares of the issuer, representing approximately 10.81 per cent of the issued and outstanding common shares of the issuer on a non-diluted basis (based on there being 133,595,628 common shares issued and outstanding as of the date hereof).

The aforementioned acquisition of common shares by Mr. Anderson was made solely for investment purposes. Mr. Anderson does not have any current intentions to acquire additional securities of the issuer or dispose of common shares. However, Mr. Anderson may in the future and from time to time acquire additional securities of the issuer or dispose of common shares, or may enter into derivative or other transactions with respect to such securities. Mr. Anderson may from time to time increase or decrease his securityholdings through market transactions, private agreements or otherwise, subject in each case to applicable securities laws.

This news release is being issued in accordance with National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) in connection with the filing of an early warning report dated June 1, 2023. The early warning report respecting the acquisition has been filed on SEDAR under Windfall's issuer profile. To obtain a copy of the early warning report filed by Mr. Anderson, please contact the issuer at 514-994-5843 or refer to SEDAR under Windfall's issuer profile.

For further information, please contact Brent Anderson at 647-285-7832.

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