Mr. Michael Gentile reports
MICHAEL GENTILE, CFA, ANNOUNCES FILING OF EARLY WARNING REPORT RELATED TO ACQUISITION OF UNITS OF ASTRA EXPLORATION INC.
Michael Gentile has filed an early warning report for the acquisition of five million units in the capital of Astra Exploration Inc.
Prior to the completion of the acquisition, Mr. Gentile did not beneficially own or control any securities in the capital of the company. Following the completion of the acquisition, Mr. Gentile beneficially owns and controls an aggregate of five million common shares in the capital of the company and five million common share purchase warrants, representing approximately 13.47 per cent of the company's issued and outstanding on an undiluted basis and approximately 23.74 per cent on a partially diluted basis.
The units were acquired for investment purposes. Mr. Gentile has a long-term view of the investment, and may acquire additional securities of the company either on the open market or through private acquisitions or sell the common shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
For further details relating to the acquisition, please see the report, a copy of which is available on SEDAR or from Michael Gentile at 514-591-4227.
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