08:01:51 EDT Thu 28 Oct 2021
Enter Symbol
or Name

Login ID:
Body and Mind Inc
Symbol BAMM
Shares Issued 101,698,593
Close 2021-08-27 C$ 0.66
Recent Sedar Documents

Body and Mind holder Australis sells 5.1 million shares

2021-08-27 19:42 ET - News Release

Mr. Marc Lakmaaker of Australis reports


Australis Capital Inc., with an address at suite 190, 376 East Warm Springs Rd., Las Vegas, Nev., 89119, disposed of an aggregate of 5,180,096 common shares of Body and Mind Inc.

The head office of the company is located at 750-1095 West Pender St., Vancouver, B.C., V6E 2M6.

Transfer of Shares to Toro Pacific Management Inc.

Pursuant to a binding letter of intent dated Aug. 23, 2021, between Australis and Toro Pacific Management Inc. (TPMI), Australis sold four million common shares to TPMI at a price of 30 cents per common share on Aug. 23, 2021, for total consideration of $1.2-million. Pursuant to the agreement, Australis has also agreed to sell an additional 5.9 million common shares to certain purchasers at a price of 30 cents per common share on or prior to Sept. 30, 2021.

Sale of shares

Through transactions conducted through the facilities of the Canadian Securities Exchange between Feb. 5, 2021, and July 20, 2021, Australis disposed of 1,180,096 common shares for aggregate consideration of $607,749.44 at an average price of 51.5 cents per common share.

Prior to the disposition, Australis held 19,286,645 common shares and approximately 19.0 per cent of the issued and outstanding common shares on an undiluted basis. After the disposition, Australis holds 14,106,549 common shares and approximately 13.9 per cent of the issued and outstanding common shares on an undiluted basis. Australis is holding common shares of the issuer for investment purposes. In pursuing such purposes, Australis takes a long-term view of its investment. It reserves the right to formulate other plans or make other proposals, and take such actions with respect to its investment in the issuer. Depending on market conditions and other factors, Australis may acquire or sell additional securities of the issuer as Australis may deem appropriate, whether in open market purchases, privately negotiated transactions or otherwise. Australis continues to evaluate numerous potential transactions and in connection therewith may exchange common shares for other assets or may sell common shares to increase its cash position. Australis may also reconsider and change its plans or proposals relating to the foregoing.

This press release is issued pursuant to early warning requirements of National Instrument 62-104 and National Instrument 62-103, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters. A copy of the early warning report will be available under the company's SEDAR profile and may be obtained by contacting Marc Lakmaaker at 1-647-289-6640 or marc.lakmaaker@ausa-corp.com.

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