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").
温哥華，不列顛哥倫比亞省-(Newsfile Corp.-2022年9月29日)-Vantage Chance Limited(優勢“)，宣佈已完成行使其選擇權(”選擇權“)交換其全部157,325,071股普通股(”WPH 股票“)在西部鉀肥控股公司(”WPH“)轉換為219,729,258股普通股(”WRX 股票西部資源公司(多倫多證券交易所股票代碼：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於2022年9月8日根據Vantage、WRX、WPH和Western Potash Corp.之間的認購協議獲得該期權，認購協議日期為2022年2月16日，於2022年5月20日和2022年7月29日修訂(訂閲協議“)，據此，Vantage以80,000,000美元的總認購價收購了157,325,071股WPH股票(投資").
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.
根據選擇權，Vantage可在一定條件下，將Vantage持有的全部157,325,071股WPH股票交換為WRX在投資完成後180天內，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.
作為完成行使選擇權的結果，Vantage已獲得對219,726,258股WRX股票的所有權和控制權，佔截至本新聞稿發佈日期按非稀釋基礎計算的已發行和已發行WRX股票的約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出於投資目的行使了選擇權。Vantage可能會根據適用的證券法規不時收購WRX的證券，這取決於許多因素，包括一般市場和經濟狀況以及其他可用的投資機會。
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.
本新聞稿是根據美國國家標準62-103發佈的-預警系統及相關收購競標和內幕報告問題。相關預警報告的副本將提交給適用的證券委員會，並在WRX在SEDAR上的個人資料中獲得，也可以通過聯繫Vantage Chance Limited獲得。Vantage的註冊辦事處位於英屬維爾京羣島VG1110託爾托拉路鎮Wickhams Cay II的維斯特拉企業服務中心。
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