Early Warning Report Issued Pursuant to National Instrument 62-103 - Acquisition of Shares of Telehop Communications Inc.
March 03 2014 - 10:51AM
Marketwired
Early Warning Report Issued Pursuant to National Instrument 62-103
- Acquisition of Shares of Telehop Communications Inc.
TORONTO, ONTARIO--(Marketwired - Mar 3, 2014) - 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 Issues - in connection with the filing of an
early warning report (the "Early Warning Report") regarding the
acquisition of common shares of Telehop Communications Inc.
(TSX-VENTURE:HOP) ("Telehop"). Suraj Holdings Inc., jointly with
1530487 Ontario Inc., each of 1039 McNicoll Avenue, 2nd Floor,
Toronto, Ontario M1W 3W6, (collectively, the "Acquiror"), have
acquired through a private transaction 8,000,000 common shares in
the capital of Telehop (the "Shares"), representing 24.79% of the
issued and outstanding common shares of Telehop. The deemed value
of the Shares purchased by the Acquiror is $800,000.
Upon completion of the acquisition, the Acquiror, which had no
prior shareholdings in Telehop, now owns or controls 8,000,000
common shares of Telehop, representing 24.79% of the issued and
outstanding common shares of Telehop.
The Acquiror purchased the shares for investment purposes and
may purchase additional shares of Telehop on the open market, by
private agreement or otherwise subject to their availability at
attractive prices, market conditions, applicable laws and other
relevant factors.
The Acquiror intends to file a report describing the above
transaction with applicable regulators, a copy of which shall be
promptly sent to anyone who requests it from the person noted
below.
The information herein has not been approved or disapproved by
regulatory authorities.
Rajan Arora1039 McNicoll AvenueToronto ON M1W
3W6416-623-1410