Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Shares of New Frontier Ventures Inc.
Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Shares of New Frontier Ventures Inc.
Toronto, Ontario--(Newsfile Corp. - July 11, 2023) - This press release is being disseminated as required by National Instrument 62‐103 - The Early Warning System and Related Take Over Bids and Insider Reporting Issuers in connection with the filing of an early warning report (the "Early Warning Report") regarding the acquisition of securities of New Frontier Ventures Inc. (CSE: VFI.X) (the "Issuer"), with its head office located at 121 King Street West, Suite 2150, Toronto, Ontario M5H 3T9, by each of Vikas Ranjan ("Ranjan"), of 2955 Harvey Crescent, Mississauga, Ontario L5L 4V9, Oriental Sources Inc. ("Oriental"), with its head office located at 1200 Consumers Road, Unit 702, Toronto, Ontario M2J 4R4, and Jason Meretsky ("Meretsky") of 121 King Street West, Suite 2150, Toronto, Ontario, M5H 3T9, in connection with the conversion of certain indebtedness of the Company in an aggregate amount of $211,994 in exchange for 4,239,880 common shares in the capital of the Issuer ("Common Shares") at $0.05 per share (the "Debt to Equity Conversion").
安大略省多伦多--(Newsfile Corp.-2023年7月11日)-本新闻稿按照National Instrument 62-103的要求发布-早期预警系统及相关收购要约和内幕报告发行人关于提交预警报告(“预警报告“)关于收购New Frontier Ventures Inc.(CSE：VFI.X)的证券(”发行人)，总部位于安大略省多伦多国王街西121号2150室，邮编：M5H3T9，由Vikas Ranjan(兰詹“)，地址：密西索加哈维新月会2955号，安大略省L5L 4V9，Oriental Sources Inc.(“东方人)，总部位于安大略省多伦多消费者路1200号，702单元，安大略省M2J 4R4，Jason Meretsky(梅雷茨基安大略省多伦多市国王街西121号2150室，邮编：M5H 3T9，与转换公司若干债务有关，总金额为211,994美元，以换取发行人股本中的4,239,880股普通股(“普通股“)，每股0.05元(”债转股“)。
Ranjan entered into a Debt Conversion Agreement dated June 28, 2023, pursuant to which Ranjan agreed to convert $100,000.00 of the indebtedness owing by the Issuer to Ranjan (the "Ranjan Indebtedness") into 2,000,000 Common Shares at a price of $0.05 per Common Share, as payment in full of all indebtedness outstanding under or with respect to the Ranjan Indebtedness. Prior to the Debt to Equity Conversion, Ranjan owned, directly and indirectly, 408,200 Common Shares, representing 14.05% of the issued and outstanding Common Shares on a non-diluted basis. Following the Debt to Equity Conversion, Ranjan owns, directly and indirectly, an aggregate of 2,408,020 Common Shares, such amount representing 33.71% of the issued and outstanding Common Shares.
Ranjan于2023年6月28日签订了一项债务转换协议，根据该协议，Ranjan同意将发行人欠Ranjan的100,000.00美元的债务转换为兰詹债务“)以每股0.05美元的价格转换为2,000,000股普通股，作为全额偿还根据或与Ranjan债务有关的所有债务。在债转股之前，Ranjan直接和间接拥有408,200股普通股，占非稀释基础上已发行和已发行普通股的14.05%。债转股后，Ranjan直接和间接拥有总计2,408,020股普通股，占已发行和已发行普通股的33.71%。
Oriental entered into a Debt Conversion Agreement dated June 28, 2023, pursuant to which Oriental agreed to convert $60,000.00 of the indebtedness owing by the Issuer to Oriental (the "Oriental Indebtedness") into 1,200,000 Common Shares at a price of $0.05 per Common Share, as payment in full of all indebtedness outstanding under or with respect to the Oriental Indebtedness. Prior to the Debt to Equity Conversion, Oriental did not own, directly and indirectly, any Common Shares. Following the Debt to Equity Conversion, Oriental owns, directly and indirectly, an aggregate of 1,200,000 Common Shares, such amount representing 16.80% of the issued and outstanding Common Shares.
东方集团于2023年6月28日订立债务转换协议，根据该协议，东方集团同意将发行人欠东方集团的60,000.00美元债务转换为东方负债“)以每股普通股0.05美元的价格购入1,200,000股普通股，以全数偿还东方债务项下或与之有关的所有未偿还债务。在债转股前，东方并无直接及间接拥有任何普通股。债转股后，东方直接及间接拥有1,200,000股普通股，占已发行及已发行普通股的16.80%。
Meretsky entered into a Debt Conversion Agreement dated June 28, 2023, pursuant to which Meretsky agreed to convert $51,994.00 of the indebtedness owing by the Issuer to Meretsky (the "Meretsky Indebtedness") into 1,039,880 Common Shares at a price of $0.05 per Common Share, as payment in full of all indebtedness outstanding under or with respect to the Meretsky Indebtedness. Prior to the Debt to Equity Conversion, Meretsky did not own, directly and indirectly, any Common Shares. Following the Debt to Equity Conversion, Meretsky owns, directly and indirectly, an aggregate of 1,039,880 Common Shares, such amount representing 14.65% of the issued and outstanding Common Shares.
梅雷茨基于2023年6月28日签订了一项债务转换协议，根据该协议，梅雷茨基同意将发行者欠梅雷茨基的51,994.00美元的债务转换为梅雷茨基债务“)以每股0.05美元的价格转换为1,039,880股普通股，以全数偿还Meretsky债务项下或与之有关的所有未偿债务。在债转股之前，Meretsky并不直接和间接拥有任何普通股。债转股后，Meretsky直接和间接拥有总计1,039,880股普通股，相当于已发行和已发行普通股的14.65%。
Ranjan, Oriental and Meretsky should not be considered joint actors.
兰扬、东方和梅雷茨基不应被视为联合演员。
The Debt to Equity Conversion took place on a private placement basis pursuant to the rules of National Instrument 45-106 - Prospectus Exemptions.
债转股是根据《国家文书45-106》的规定以私募方式进行的。招股说明书豁免条款。
The securities were acquired for investment purposes and each of Ranjan, Oriental and Meretsky may increase or decrease their beneficial ownership or control depending on market or other conditions. They have no present intention to change their holdings of securities of the Issuer.
这些证券是出于投资目的而收购的，Ranjan、Oriental和Meretsky各自可能会根据市场或其他条件增加或减少其实益所有权或控制权。他们目前无意改变其持有的发行人证券。
The Debt to Equity Conversion is exempt from the formal take-over provisions of the Securities Act (Ontario) pursuant to section 4.2 of National Instrument 62-104
债转股不受正式接管条款的约束证券法(安大略省)根据《国家文书62-104》第4.2节
A copy of the Early Warning Report with additional information in respect of the foregoing matters may be found on SEDAR at .
可在SEDAR上找到预警报告的副本以及与上述事项有关的其他信息，网址为。
For further information, please contact:
如需更多信息，请联系：
Vikas Ranjan, President, New Frontier Ventures Inc.
Email: vikas@gravitasfinancial.com
416-605-7024
维卡斯·兰詹，总裁，New Frontier Ventures Inc.
电子邮件：vikas@gravitasfinial.com
416-605-7024
Not for distribution to United States newswire services or for dissemination in the United States.
不得分发给美国通讯社或在美国境内传播。
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问