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Golden Harp Resources Inc (2)
Symbol GHR
Shares Issued 29,967,486
Close 2024-12-05 C$ 0.035
Market Cap C$ 1,048,862
Recent Sedar+ Documents

Golden Harp investor Young acquires 580,106 shares

2024-12-11 16:30 ET - News Release

Mr. Timothy Young, an investor, reports

On Dec. 9, 2024, Timothy Young acquired ownership and control over 580,106 common shares of Golden Harp Resources Inc. of 595 Burrard St., Suite 3123, Vancouver, B.C., V7X 1J1, pursuant to a share purchase agreement with a company wholly owned by the company's chief financial officer and director, Kyle Takeuchi. The shares were acquired at a price of 4.3 cents per share for total consideration of $25,000.

Immediately prior to the acquisition of the shares, Mr. Young had beneficial ownership and control of an aggregate of 23,994,156 common shares, representing approximately 80 per cent of the issuer's issued and outstanding common shares.

Immediately after the acquisition of the shares, Mr. Young had beneficial ownership and control of an aggregate of 24,574,262 common shares, representing approximately 82 per cent of the issuer's issued and outstanding common shares.

The acquisition of the shares pursuant to the share purchase agreement is exempt from the takeover bid requirements set out in National Instrument 62-104, Take-Over Bids and Issuer Bids, pursuant to the private agreement exemption under Section 4.2 of NI 62-104. Mr. Young is entitled to rely on this exemption as: (i) purchases are being made from not more than five persons in the aggregate; (ii) the bid is not being made generally to holders of the common shares; and (iii) the consideration paid for the shares is not greater than 115 per cent of the market price of common shares (as determined in accordance with NI 62-104).

Mr. Young acquired the shares for investment purposes and may, from time to time, increase or decrease his ownership position in the future in the market or privately as circumstances warrant. A copy of the early warning report filed by Mr. Young in connection with the acquisition of the shares is available on SEDAR+ or by contacting the company's chief financial officer, Mr. Takeuchi, at 778-230-6166.

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