Mehdi Khimji Announces Exercise of Warrants to Acquire Additional Common Shares of Victory Square Technologies Inc.
LONDON, March 06, 2018 (GLOBE NEWSWIRE) — Mr. Mehdi Khimji announces that he has exercised his warrants to purchase an aggregate of 3,333,334 common shares (the “Purchased Shares”) in the capital of Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST)(OTC:VSQTF)(FWB: 6F6). The Purchased Shares were acquired for CDN$1.50 per Purchased Share, representing an aggregate exercise price of CDN$5,000,001 (the “Proceeds”).
The Purchased Shares represent approximately 5.3% of the outstanding Common Shares. When combined with the 6,666,667 Common Shares Mr. Khimji already owns, Mr. Khimji will hold an aggregate of 10,000,001 Common Shares, representing approximately 15.2% of the issued and outstanding Common Shares.
Mr. Khimji exercised the warrants to purchase the securities for investment purposes and may or may not purchase or sell securities of the Company, in the future on the open market or in private transactions, depending on market conditions and other factors. Depending on market conditions, general economic and industry conditions, the Company’s business and financial condition and/or other relevant factors, Mr. Khimji may develop other plans or intentions in the future.
A copy of the early warning report filed in connection with the transaction will be available on the Company’s profile on SEDAR at www.sedar.com.
When CryptoKitties exploded onto the gaming scene in December 2017, the highest selling kittie went for 246.9255 ETH ($117,712 USD). Mere days after the game’s launch, the frantic collecting, breeding, dressing and trading of digital …
Sorare, a global fantasy football platform built on the Ethereum blockchain, has inked an exclusive licensing agreement with Italian soccer giants Juventus to launch a digital collectibles range of its star players.
The crypto space can be highly volatile for traders, and over the years, Bitcoin (BTC) has proven to be among the more volatile cryptocurrencies. Over the past few days, the world’s biggest cryptocurrency by market …
1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.
2) Market Jar Media Inc. has or expects to receive the following amounts indirectly from the following companies mentioned in this Article: Victory Square Technologies Inc. Click here for important disclosures about fees.
3) The Article and content related to the profiled company represent the personal and subjective views of the Author of this article, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, Market Jar Media Inc. or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The author was paid by Native Ads Inc. for this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.