Earth Alive Clean Technologies Inc.: Early Warning Report
July 25 2014 - 4:14PM
Marketwired Canada
Earth Alive Clean Technologies Inc. (CSE:EAC) ("Earth Alive") reports that One
Drop Investments Inc., has acquired 3,214,286 common shares of Earth Alive in a
private transaction, at the price of 0.15 $ each. As a result of the foregoing
acquisition, One Drop Investments Inc. now has direct and indirect control and
direction over 13,928,572 common shares of Earth Alive, representing
approximately 17.01% of the issued and outstanding 81,890,501 common shares of
Earth Alive on a non-diluted basis.
The securities acquired will be held for investment purposes and One Drop
Investments Inc. may, depending on market and other conditions, increase or
decrease its beneficial ownership of Earth Alive's securities, whether in the
open market, by privately negotiated agreements or otherwise.
The securities acquired, which form part of a control block held by Mr. David
Gilmour, the President & CEO of Earth Alive, will be subject to a hold period of
four months and one day.
This press release is issued pursuant to National Instrument 62-104, which also
requires a report to be filed with the applicable securities regulatory
authorities concerning additional information with respect to the foregoing
acquisition. An early warning report in respect of the transactions will be
filed with the relevant Canadian securities regulatory authorities and copies of
such reports may be obtained from SEDAR at www.sedar.com under Earth Alive's
profile.
The CSE has neither approved nor disapproved the contents of this press release.
The CSE does not accept responsibility for the adequacy or accuracy of this
release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Louis Graton
(514) 249-3134
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