VANCOUVER, BC, Nov. 17, 2021 /CNW/ - Ms. Kathleen Crook announces that on November 16, 2021, she acquired 3,333,333 units
("Units") of Playgon Games Inc. (the "Company") at a
price of CDN$0.30 per Unit for an
aggregate purchase price of CDN$999,999.90. The Units consisted of 3,333,333
common shares of the Company ("Common Shares") and 1,666,667
Common Share purchase warrants ("Warrants"), with each whole
Warrant entitling the holder thereof to acquire one Common Share at
an exercise price of $0.50 per Common
Share for a period of 24 months following closing of the Offering
(as defined below).
The Units were acquired as part of a previously announced
non-brokered private placement of the Company consisting in the
issuance of 34,971,112 Units for aggregate gross proceeds to the
Company of CDN$10,491,334 (the
"Offering"). The other Units were sold by the Company to
other investors in the Offering.
Prior to the Offering, the Ms. Crook previously held 28,000,000
Common Shares in the capital of the Company, representing
approximately 13.10% of the total issued and outstanding shares of
the Company prior to the completion of the Offering. As a result of
the Offering, Ms. Crook currently holds or controls, directly or
indirectly, 31,333,333 Common Shares and 1,666,667 Warrants, which
represents approximately 12.59% of the 248,794,698 Common Shares
currently outstanding without giving effect to the exercise of any
Warrants, and approximately 13.18% of the 250,461,366 Common Shares
outstanding on partially diluted basis after giving effect to the
exercise of the Warrants beneficially owned by Ms. Crook, without
giving effect to the exercise of any other Warrants under the
direction or control of Ms. Crook or any other party, or the
exercise or conversion of any other outstanding convertible
security of the Company.
Ms. Crook acquired ownership of, and control and direction over,
the securities that triggered the requirement to file this press
release. Ms. Crook may increase or decrease her beneficial
ownership or control of securities in the Company as circumstances
arise.
For further information or to obtain a copy of the early warning
report filed on SEDAR, pursuant to National Instrument 62-103,
please contact Mr. Darcy Krogh by
telephone at (604) 563 2640 or by email at dkrogh@playgon.com. A
copy of the report is also available on SEDAR (www.sedar.com) under
the Company's profile. The head office of the Company is located at
#1500 – 675 West Hastings Street, Vancouver, British Columbia, V6B 1N2.
SOURCE Playgon Games Inc.