Early Warning Press Release
Early Warning Press Release
Immediately prior to the Purchase, OSF owned no Common Shares. On June 29, 2022, OSF purchased 7,000 Common Shares, representing approximately 0.02% and 0.016% of the issued and outstanding Common Shares on an un-diluted and fully-diluted basis, respectively, immediately following the Purchase. Immediately following the Purchase, the Group's collective ownership of Common Shares represented ownership of approximately 52.92% and 43.08% of the issued and outstanding Common Shares on an un-diluted and fully-diluted basis, respectively.This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers.
本新闻稿是根据多边文书62-104--接管投标和发包人投标和国家文件62-103--早期预警系统和相关的收购报价和内幕报告发行人。
Toronto, Ontario--(Newsfile Corp. - June 30, 2022) - On June 29, 2022, OSF Management ("OSF") (with an address at 30 de Castro Street, Wickhams Cay 1 Road Town, Tortola, British Virgin Islands), announces that it has acquired an aggregate of 7,000 common shares ("Common Shares") of FRNT Financial Inc. (the "Company") on the TSX Venture Exchange at an average price of $0.935 per Common Share, for an aggregate purchase price of $6,545 (the "Purchase"). The Common Shares were acquired pursuant to the Normal Course Purchase Exemption set out in NI 62-104 Take-Over Bids and Issuer Bids ("NI 62-104").
安大略省多伦多-(Newsfile Corp.-2022年6月30日)-2022年6月29日，OSF Management(OSF)(地址为英属维尔京群岛托尔托拉威克汉姆斯礁1路小镇德卡斯特罗街30号)，宣布已收购总计7,000股普通股(普通股FRNT Financial Inc.(The“公司“)在多伦多证券交易所创业板上市，平均价格为每股普通股0.935美元，总购买价为6,545美元(”购买“)。普通股是根据NI 62-104规定的正常程序购买豁免获得的。接管投标和发行人投标 ("NI 62-104").
As defined under NI 62-104, OSF may be considered to be acting jointly with Stephane Ouellette ("Ouellette") and Adam Rabie ("Rabie" and, together with OSF and Ouellette, the "Group"), both of whom are directors of OSF and the Company. Mr. Rabie also owns more than 10% of the outstanding securities of OSF. Immediately prior to the Purchase, Mr. Ouellette's ownership of Common Shares represented ownership of approximately 30.75% and 25.03% of the issued and outstanding Common Shares on an un-diluted and fully-diluted basis, respectively. Immediately prior to the Purchase, Mr. Rabie's ownership of Common Shares represented approximately 22.15% and 18.03% of the issued and outstanding Common Shares on an un-diluted and fully-diluted basis, respectively. Neither Mr. Rabie nor Mr. Ouellette purchased any Common Shares personally in connection with the Purchase.
根据NI 62-104的定义，OSF可被视为与Stephane Ouellette(“欧莱特“)和Adam Rabie(”拉比而且，与OSF和Ouellette一起，集团化“)，两人均为OSF及本公司的董事。拉比还持有OSF 10%以上的已发行证券。紧接在收购之前，欧莱特先生对普通股的所有权相当于在未稀释和完全稀释的基础上分别拥有约30.75%和25.03%的已发行和已发行普通股的所有权。就在收购之前，拉比先生持有的普通股在未稀释和完全稀释的基础上分别约占已发行普通股和已发行普通股的22.15%和18.03%。拉比和欧莱特都没有亲自购买任何与此次收购相关的普通股。
Immediately prior to the Purchase, OSF owned no Common Shares. On June 29, 2022, OSF purchased 7,000 Common Shares, representing approximately 0.02% and 0.016% of the issued and outstanding Common Shares on an un-diluted and fully-diluted basis, respectively, immediately following the Purchase. Immediately following the Purchase, the Group's collective ownership of Common Shares represented ownership of approximately 52.92% and 43.08% of the issued and outstanding Common Shares on an un-diluted and fully-diluted basis, respectively.
就在收购之前，OSF没有普通股。于2022年6月29日，OSF购入7,000股普通股，按未摊薄及完全摊薄计算，分别占已发行及已发行普通股约0.02%及0.016%。紧随收购后，本集团对普通股的集体所有权按未摊薄及完全摊薄分别占已发行及已发行普通股的约52.92%及43.08%。
OSF carried out the Purchase for investment purposes. OSF may from time to time increase or decrease ownership or control of the securities of the Company depending on market conditions and/or other relevant factors.
OSF出于投资目的进行了此次收购。OSF可能会根据市场情况和/或其他相关因素，不时增加或减少对公司证券的所有权或控制权。
A copy of the early warning report for the Purchase has been filed on .
购买的早期预警报告的副本已于8月1日提交。
For more information, or to obtain a copy of the early warning report, please contact:
欲了解更多信息，或获取预警报告副本，请联系：
Stephane Ouellette
OSF Management
Director
Phone: 437-253-3747
斯蒂芬·欧莱特
OSF管理
董事
电话：437-253-3747
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