Michael Feola Acquires Common Shares of MUST Capital Inc. and Announces Filing of Early Warning Report
October 26 2020 - 8:29AM
Michael Feola, indirectly through Feolan Capital Inc., having its
registered office at 2040 Dagenais blvd West, Laval, Québec, H7L
5W2, announced that on October 23, 2020 he has acquired
1,799,500 common shares (the “
Shares”) in the
capital of MUST Capital Inc., 121 King Street West, Suite 2150,
Toronto, Ontario, M5H 3T9 (NEX: MUST.H) (“
MUST”),
at a price of $0.05 per Share, for a total consideration of
$89,975.
Immediately prior to the transaction, Mr. Feola
controlled 2,120,000 common shares of MUST, representing
approximately 10.56% of the total number of common shares of MUST
issued and outstanding. After giving effect to the transaction, Mr.
Feola controls 3,919,500 common shares of MUST, representing
approximately 19.53% of the total number of common shares of MUST
issued and outstanding.
The Shares were acquired for investment
purposes. Mr. Feola expects to monitor the business, prospects,
financial condition and potential capital requirements of MUST, and
depending on its evaluation of these and other factors, he may, in
the future, acquire additional common shares or dispose of common
shares through, among other means, the purchase or sale of common
shares on the open market or in private transactions or otherwise,
on such terms and at such times as Mr. Feola may deem advisable. He
may also evaluate or prepare for possible strategic transactions
involving the Issuer, its common shares or its asset (as to which
no decision has at this time been made).
The above referenced early warning report
relating to this press release has been filed on System for
Electronic Document Analysis and Review (SEDAR) at www.sedar.com
under MUST issuer profile. For further information or to obtain a
copy of the early warning report, please contact: Michael Feola at
514-827-2136.
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, “will
be”, “expected” or variations of such words and phrases or
statements that certain actions, events or results “will” occur.
Forward-looking statements are based on the estimates and are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements to be materially different from those expressed or
implied by such forward-looking statements or forward-looking
information. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. The
forward-looking statements or forward-looking information contained
herein will not be updated, except as required by applicable
securities laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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