Vantage Chance Limited Announces Exercise of Option and Acquisition of Securities of Western Resources Corp.
Vantage Chance Limited Announces Exercise of Option and Acquisition of Securities of Western Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2022) - Vantage Chance Limited ("Vantage"), announced that it has completed the exercise of its option (the "Option") to exchange all of its 157,325,071 common shares ("WPH Shares") held in Western Potash Holdings Corp. ("WPH") into 219,729,258 common shares ("WRX Shares") of Western Resources Corp. (TSX: WRX) ("WRX").
温哥华，不列颠哥伦比亚省-(Newsfile Corp.-2022年9月29日)-Vantage Chance Limited(优势“)，宣布已完成行使其选择权(”选择权“)交换其全部157,325,071股普通股(”WPH 股票“)在西部钾肥控股公司(”WPH“)转换为219,729,258股普通股(”WRX 股票西部资源公司(多伦多证券交易所股票代码：WRX)(“WRX").
Vantage acquired the Option on September 8, 2022 pursuant to a subscription agreement among Vantage, WRX, WPH and Western Potash Corp., dated February 16, 2022, as amended on May 20, 2022 and July 29, 2022 (the "Subscription Agreement") whereby Vantage acquired 157,325,071 WPH Shares for an aggregate subscription price of $80,000,000 (the "Investment").
Vantage于2022年9月8日根据Vantage、WRX、WPH和Western Potash Corp.之间的认购协议获得该期权，认购协议日期为2022年2月16日，于2022年5月20日和2022年7月29日修订(订阅协议“)，据此，Vantage以80,000,000美元的总认购价收购了157,325,071股WPH股票(投资").
Pursuant to the Option, Vantage may, subject to certain conditions, exchange all 157,325,071 WPH Shares held by Vantage into WRX Shares within 180 days of completion of the Investment, being September 8, 2022.
根据选择权，Vantage可在一定条件下，将Vantage持有的全部157,325,071股WPH股票交换为WRX在投资完成后180天内，即2022年9月8日。
As a result of completing the exercise of the Option, Vantage has obtained ownership and control over 219,726,258 WRX Shares, representing approximately 53.79% of the issued and outstanding WRX Shares calculated on a non-diluted basis as of the date of this news release.
作为完成行使选择权的结果，Vantage已获得对219,726,258股WRX股票的所有权和控制权，占截至本新闻稿发布日期按非稀释基础计算的已发行和已发行WRX股票的约53.79%。
Vantage exercised the Option for investment purposes. Vantage may from time to time acquire securities of WRX in accordance with applicable securities regulations, depending on a number of factors, including general market and economic conditions and other available investment opportunities.
Vantage出于投资目的行使了选择权。Vantage可能会根据适用的证券法规不时收购WRX的证券，这取决于许多因素，包括一般市场和经济状况以及其他可用的投资机会。
This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the related early warning report will be filed with the applicable securities commissions and be available under WRX's profile on SEDAR at , and may also be obtained by contacting Vantage Chance Limited at 011-852-96997777. Vantage's registered office is located at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.
本新闻稿是根据美国国家标准62-103发布的-预警系统及相关收购竞标和内幕报告问题。相关预警报告的副本将提交给适用的证券委员会，并在WRX在SEDAR上的个人资料中获得，也可以通过联系Vantage Chance Limited获得。Vantage的注册办事处位于英属维尔京群岛VG1110托尔托拉路镇Wickhams Cay II的维斯特拉企业服务中心。
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