WIN - Brent Anderson News Release
(TheNewswire)
Toronto, O N - TheNewswire - June 1, 2023 - BrentAnderson (the “ Anderson ”) announces that it has filed anearly warning report in respect of having marginally increased hisshare ownership of Windfall Geotek Inc. (the “ Issuer ”) above 10%for the first time as a result of his acquisition of 285,000 commonshares of the Issuer (“ Common Shares ”) pursuant to market purchasesthrough the facilities of the TSX Venture Exchange (the“ Exchange ”) for aggregate consideration of $21,375 (approximately$0.075 per share (the “ Acquisition ”)). The Issuer’s address is7005 boulevard Taschereau, Suite #265 Brossard, QC J4Z 1A7. Anderson’s address is 770 McKay Road, Pickering, ON L1W2Y4.
On May 16, 2023, pursuant to the Acquisition, Andersonacquired direct ownership of an aggregate of 285,000 Common Shares ofthe Issuer, representing approximately 0.21% of the issued andoutstanding Common Shares of the Issuer on a non-diluted basis. Immediately prior to such date, Anderson owned 13,355,000 CommonShares of the Issuer, representing approximately 9.99% of the issuedand outstanding Common Shares of the Issuer on a non-diluted basis(based on there being 133,595,628 Common Shares issued and outstandingimmediately prior to the Acquisition). As a result of the Acquisition,Anderson owned 13,640,000 Common Shares of the Issuerrepresenting approximately 10.21% of the issued and outstanding CommonShares of the Issuer on a non-diluted basis, thereby increasing hisownership above 10% (based on there being 133,595,628 Common Sharesissued and outstanding as of May 16, 2023). Subsequently, Anderson acquiredownership of an additional 810,000 Common Shares of the Issuerpursuant to market purchases through the Exchange. Accordingly as ofthe date of hereof, Anderson owns 14,450,000 Common Shares of theIssuer, representing approximately 10.81% of the issued andoutstanding Common Shares of the Issuer on a non-diluted basis (basedon there being 133,595,628 Common Shares issued and outstanding as ofthe date hereof).
The aforementioned acquisition of Common Shares byAnderson was made solely for investment purposes. Anderson does nothave any current intentions to acquire additional securities of theIssuer or dispose of Common Shares. However, Anderson may in thefuture and from time to time acquire additional securities of theIssuer or dispose of Common Shares or may enter into derivative orother transactions with respect to such securities. Anderson mayfrom time to time increase or decrease its security holdings throughmarket transactions, private agreements or otherwise, subject in eachcase to applicable securities laws.
This news release is being issued in accordance withNational Instrument 62-103 – The Early Warning System and Related Take-Over Bid and InsiderReporting Issues in connection with the filingof an early warning report dated June 1, 2023. The early warningreport respecting the Acquisition has been filed on SEDAR( www.sedar.com ) underWindfall Geotek Inc.’s issuer profile. To obtain a copy of the earlywarning report filed by Anderson, please contact the Issuer at514-994-5843 or refer to SEDAR ( www.sedar.com ) under Windfall GeotekInc.’s issuer profile.
For further information please contact Brent Andersonat the address listed above or call 647-285-7832.
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